Question: Need help with below: Twenty metrics of liquidity, Solvency, and Profitability The comparative financial statements of Automotive SolutionsInc. are as follows. The market price of

Need help with below:

Twenty metrics of liquidity, Solvency, and Profitability

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

AUTOMOTIVE SOLUTIONS INC.
Comparative Income Statement
For the Years Ended December 31, 20Y8 and 20Y7
    20Y8    20Y7
Sales$10,000,000$ 9,400,000
Cost of goods sold(5,350,000)(4,950,000)
Gross profit$ 4,650,000$ 4,450,000
Selling expenses$ (2,000,000)$(1,880,000)
Administrative expenses(1,500,000)(1,410,000)
Total operating expenses$ (3,500,000)$(3,290,000)
Operating income$ 1,150,000$ 1,160,000
Other revenue and expense:
    Other revenue150,000140,000
    Other expense (interest)(170,000)(150,000)
Income before income tax$ 1,130,000$ 1,150,000
Income tax expense(230,000)(225,000)
Net income$ 900,000$ 925,000
AUTOMOTIVE SOLUTIONS INC.
Comparative Statement of Stockholders’ Equity
For the Years Ended December 31, 20Y8 and 20Y7
20Y820Y7
Preferred
Stock
Common
Stock
Retained
Earnings
Preferred
Stock
Common
Stock
Retained
Earnings
Balances, Jan. 1$500,000$500,000$5,375,000$500,000$500,000$4,545,000
Net income900,000925,000
Dividends:
    Preferred stock(45,000)(45,000)
    Common stock(50,000)(50,000)
Balances, Dec. 31$500,000$500,000$6,180,000$500,000$500,000$5,375,000
AUTOMOTIVE SOLUTIONS INC.
Comparative Balance Sheet
December 31, 20Y8 and 20Y7
    Dec. 31,20Y8    Dec. 31,20Y7
Assets
Current assets:
    Cash$ 500,000$ 400,000
    Marketable securities1,010,0001,000,000
    Accounts receivable (net)740,000510,000
    Inventories1,190,000950,000
    Prepaid expenses250,000229,000
        Total currentassets$3,690,000$3,089,000
Long-term investments2,350,0002,300,000
Property, plant, and equipment (net)3,740,0003,366,000
Total assets$9,780,000$8,755,000
Liabilities
Current liabilities$ 900,000$ 880,000
Long-term liabilities:
    Mortgage note payable, 10%$ 200,000$ 0
    Bonds payable, 10%1,500,0001,500,000
        Total long-termliabilities$1,700,000$1,500,000
Total liabilities$2,600,000$2,380,000
Stockholders' Equity
Preferred $0.90 stock, $10 par$ 500,000$ 500,000
Common stock, $5 par500,000500,000
Retained earnings6,180,0005,375,500
Total stockholders' equity$7,180,000$6,375,000
Total liabilities and stockholders' equity$9,780,000$8,755,000

Instructions:

Determine the following measures for 20Y8.

Round ratio values to one decimal place and dollar amounts tothe nearest cent. For number of days' sales in receivables andnumber of days' sales in inventory, round intermediate calculationsto 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 receivablesdays
6. Inventory turnover
7. Days' sales in inventorydays
8. Debt ratio%
9. Ratio of liabilities to stockholders'equity
10. Ratio of fixed assets to long-termliabilities
11. Times interest earnedtimes
12. Times preferred dividends earnedtimes
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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