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The comparative financial statements of Automotive Solutions Inc. are as follows. The market price of Automotive Solutions Inc. common stock was $66 on December 31, 20Y8.

AUTOMOTIVE SOLUTIONS INC. Comparative Income Statement For the Years Ended December 31, 20Y8 and 20Y7
	20Y8		20Y7
Sales	$3,016,725		$2,779,500
Cost of goods sold	(1,095,000)		(1,007,400)
Gross profit	$1,921,725		$1,772,100
Selling expenses	$(649,700)		$(792,250)
Administrative expenses	(553,445)		(465,290)
Total operating expenses	(1,203,145)		(1,257,540)
Operating income	$718,580		$514,560
Other revenue and expense:
Other income	37,820		32,840
Other expense (interest)	(200,000)		(110,400)
Income before income tax	$556,400		$437,000
Income tax expense	(66,800)		(52,500)
Net income	$489,600		$384,500

AUTOMOTIVE SOLUTIONS INC. Comparative Statement of Stockholders Equity For the Years Ended December 31, 20Y8 and 20Y7
	20Y8									20Y7
	Preferred Stock			Common Stock			Retained Earnings			Preferred Stock			Common Stock			Retained Earnings
Balances, Jan. 1		$450,000			$510,000			$2,217,475			$450,000			$510,000			$1,877,525
Net income								489,600									384,500
Dividends:
Preferred stock								(6,300)									(6,300)
Common stock								(38,250)									(38,250)
Balances, Dec. 31		$450,000			$510,000			$2,662,525			$450,000			$510,000			$2,217,475

AUTOMOTIVE SOLUTIONS INC. Comparative Balance Sheet December 31, 20Y8 and 20Y7
	Dec. 31, 20Y8		Dec. 31, 20Y7
Assets
Current assets:
Cash	$461,940		$472,510
Temporary investments	699,160		783,020
Accounts receivable (net)	547,500		511,000
Inventories	408,800		321,200
Prepaid expenses	87,392		94,500
Total current assets	$2,204,792		$2,182,230
Long-term investments	1,678,006		440,282
Property, plant, and equipment (net)	3,000,000		2,700,000
Total assets	$6,882,798		$5,322,512
Liabilities
Current liabilities	$760,273		$765,037
Long-term liabilities:
Mortgage note payable, 8%, due in 15 years	$1,120,000		$0
Bonds payable, 8%, due in 20 years	1,380,000		1,380,000
Total long-term liabilities	$2,500,000		$1,380,000
Total liabilities	$3,260,273		$2,145,037
Stockholders' Equity
Preferred $0.70 stock, $50 par	$450,000		$450,000
Common stock, $10 par	510,000		510,000
Retained earnings	2,662,525		2,217,475
Total stockholders' equity	$3,622,525		$3,177,475
Total liabilities and stockholders' equity	$6,882,798		$5,322,512

Instructions:

Determine the following measures for 20Y8. Round ratio values to one decimal place and dollar amounts to the nearest cent. For number of days' sales in receivables and number of days' sales in inventory, round intermediate calculations to the nearest whole dollar and final amounts to one decimal place. Assume there are 365 days in the year.

I need help with 16-20. Thank you!

16. Return on common stockholders equity	fill in the blank 16	%
17. Earnings per share on common stock	$fill in the blank 17
18. Price-earnings ratio	fill in the blank 18
19. Dividends per share of common stock	$fill in the blank 19
20. Dividend yield	fill in the blank 20	%

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16. Divide net income minus preferred dividends [Preferred stock par value x dividend per preferred share] by average common stockholders equity. Common StockholdersEquity = Common Stock + Retained Earnings Average Common StockholdersEquity = (Beginning Common Stockholders equity + Ending Common StockholdersEquity) 2 17. Divide net income minus preferred dividends [Preferred stock par value x dividend per preferred share] by common shares outstanding (common stock par value). 18. Divide common market share price by common earnings per share (use answer from requirement 17). 19. Divide common dividends (from Statement of Stockholders Equity) by common shares outstanding (common stock par value). 20. Divide common dividends per share (use answer from requirement 19) by market share price.

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