The comparative financial statements of Automotive Solutions Inc. are as follows. The market price of Automotive Solutions Inc. common stock was $119.70 on December 31, 20Y8.

Instructions
Determine the following measures for 20Y8. Round all ratios to one decimal place. Round earnings per share and dividends per share to the nearest cent.
1. Working capital
2. Current ratio
3. Quick ratio
4. Accounts receivable turnover
5. Days’ sales in receivables
6. Inventory turnover
7. Days’ sales in inventory
8. Debt ratio
9. Ratio of liabilities to stockholders’ equity
10. Ratio of fixed assets to long-term liabilities
11. Times interest earned
12. Times preferred dividends earned
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

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AUTOMOTIVE SOLUTIONS INC. Comparative Income Statement For the Years Ended December 31, 20Y8 and 20Y7 20Y8 Sales Cost of goods sold Gross prof Selling expenses Administrative expenses Total operating expenses Operating income Other revenue and expense: 10,000,000 350 4,650,000 $ (2,000,000) 500 9,400,000 (4,950,000 4,450,000 $(1,880,000) 1.410 $3,290,000 1,160,000 (3,500 1,150,000 150,000 140,000 (150,000) 1,150,000 (225,000) 925,000 Other revenue 170 Other expense (interest) Income before income tax Income tax expense Net income 1,130,000 (230,000) $ 900,000 AUTOMOTIVE SOLUTIONS INC. For the Years Ended December 31, 20Y8 and 20Y7 20Y8 20Y7 Preferred Comon Retained Preferred Common Retained Stock Earnings Balances, Jan. 1 $500,000 $500,000 $5,375,000 $500,000 $500,000 $4,545,000 925,000 Stock Stock Earings Stock Net income Dividends: 900,000 (45,000) (50,000) (45,000) Preferred stock Common stock Balances, Dec. 31 S500,000 S500,000 $6,180,000 S500,000 $500,000 $5,375,000 AUTOMOTIVE SOLUTIONS INC. Comparative Balance Sheet December 31, 20Y8 and 20Y7 Dec. 31,20Y8 Dec. 31,20Y7 Assets Current assets: Cash Marketable securities Accounts receivable (net) Inventories Prepaid expenses $ 500,000 1,010,000 740,000 1,190,000 250,000 $3,690,000 2,350,000 3,740,000 $9,780,000 400,000 1,000,000 510,000 950,000 229,000 $3,089,000 2,300,000 3,366,000 $8,755,000 Total current assets Long-term investments Property, plant, and equipment (net) Total assets Liabilities Current liabilities Long-term liabilities: 900,000 880,000 200,000 Mortgage note payable, 1096 Bonds payable, 1096 1,500,000 $1,500,000 $2,380,000 Total long-term liabilities $1,700,000 $2,600,000 Total liabilities Stockholders' Equity Preferred $0.90 stock, $10 par Common stock, $5 par Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 500,000 500,000 6,180,000 S7180000 59.780,000 $ 500,000 500,000 5375500 $6,375,000 $8,755,000