Twenty metrics of liquidity, Solvency, and Profitability

The comparative financial statements of Automotive Solutions Inc. are as follows. The market price of Automotive Solutions Inc. common stock was $51 on December 31, 20Y8.

AUTOMOTIVE SOLUTIONS INC. Comparative Income Statement For the Years Ended December 31, 20Y8 and 20Y7
	20Y8		20Y7
Sales	$2,304,245		$2,123,010
Cost of goods sold	(792,050)		(728,690)
Gross profit	$1,512,195		$1,394,320
Selling expenses	$(528,540)		$(639,650)
Administrative expenses	(450,235)		(375,660)
Total operating expenses	(978,775)		(1,015,310)
Operating income	$533,420		$379,010
Other revenue and expense:
Other income	28,080		24,190
Other expense (interest)	(136,000)		(75,200)
Income before income tax	$425,500		$328,000
Income tax expense	(51,100)		(39,200)
Net income	$374,400		$288,800

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		$360,000			$410,000			$1,661,400			$360,000			$410,000			$1,409,800
Net income								374,400									288,800
Dividends:
Preferred stock								(12,600)									(12,600)
Common stock								(24,600)									(24,600)
Balances, Dec. 31		$360,000			$410,000			$1,998,600			$360,000			$410,000			$1,661,400

AUTOMOTIVE SOLUTIONS INC. Comparative Balance Sheet December 31, 20Y8 and 20Y7
	Dec. 31, 20Y8		Dec. 31, 20Y7
Assets
Current assets:
Cash	$333,970		$395,050
Temporary investments	505,470		654,640
Accounts receivable (net)	401,500		379,600
Inventories	292,000		219,000
Prepaid expenses	63,188		79,010
Total current assets	$1,596,128		$1,727,300
Long-term investments	1,517,352		802,616
Property, plant, and equipment (net)	1,870,000		1,683,000
Total assets	$4,983,480		$4,212,916
Liabilities
Current liabilities	$514,880		$841,516
Long-term liabilities:
Mortgage note payable, 8%, due in 15 years	$760,000		$0
Bonds payable, 8%, due in 20 years	940,000		940,000
Total long-term liabilities	$1,700,000		$940,000
Total liabilities	$2,214,880		$1,781,516
Stockholders' Equity
Preferred $0.70 stock, $20 par	$360,000		$360,000
Common stock, $10 par	410,000		410,000
Retained earnings	1,998,600		1,661,400
Total stockholders' equity	$2,768,600		$2,431,400
Total liabilities and stockholders' equity	$4,983,480		$4,212,916

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.

1. Working capital	$
2. Current ratio
3. Quick ratio
4. Accounts receivable turnover
5. Days' sales in receivables		days
6. Inventory turnover
7. Days' sales in inventory		days
8. Debt ratio		%
9. Ratio of liabilities to stockholders' equity
10. Ratio of fixed assets to long-term liabilities
11. Times interest earned		times
12. Times preferred dividends earned		times
13. Asset turnover
14. Return on total assets		%
15. Return on stockholders equity		%
16. Return on common stockholders equity		%
17. Earnings per share on common stock	$
18. Price-earnings ratio
19. Dividends per share of common stock	$
20. Dividend yield		%