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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 $63 on December 31, 20Y8.

AUTOMOTIVE SOLUTIONS INC. Comparative Income Statement For the Years Ended December 31, 20Y8 and 20Y7
	20Y8		20Y7
Sales	$1,596,510		$1,470,910
Cost of goods sold	(592,760)		(545,340)
Gross profit	$1,003,750		$925,570
Selling expenses	$(311,430)		$(396,210)
Administrative expenses	(265,300)		(232,700)
Total operating expenses	(576,730)		(628,910)
Operating income	$427,020		$296,660
Other revenue and expense:
Other revenue	22,480		18,940
Other expense (interest)	(104,000)		(57,600)
Income before income tax	$345,500		$258,000
Income tax expense	(41,500)		(31,400)
Net income	$304,000		$226,600

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		$260,000			$300,000			$1,303,050			$260,000			$300,000			$1,106,550
Net income								304,000									226,600
Dividends:
Preferred stock								(9,100)									(9,100)
Common stock								(21,000)									(21,000)
Balances, Dec. 31		$260,000			$300,000			$1,576,950			$260,000			$300,000			$1,303,050

AUTOMOTIVE SOLUTIONS INC. Comparative Balance Sheet December 31, 20Y8 and 20Y7
	Dec. 31, 20Y8		Dec. 31, 20Y7
Assets
Current assets:
Cash	$285,050		$351,570
Temporary investments	431,420		582,610
Accounts receivable (net)	306,600		284,700
Inventories	233,600		175,200
Prepaid expenses	53,922		70,310
Total current assets	$1,310,592		$1,464,390
Long-term investments	1,105,918		820,282
Property, plant, and equipment (net)	1,430,000		1,287,000
Total assets	$3,846,510		$3,571,672
Liabilities
Current liabilities	$409,560		$988,622
Long-term liabilities:
Mortgage note payable, 8%, due in 15 years	$580,000		$0
Bonds payable, 8%, due in 20 years	720,000		720,000
Total long-term liabilities	$1,300,000		$720,000
Total liabilities	$1,709,560		$1,708,622
Stockholders' Equity
Preferred $0.70 stock, $20 par	$260,000		$260,000
Common stock, $10 par	300,000		300,000
Retained earnings	1,576,950		1,303,050
Total stockholders' equity	$2,136,950		$1,863,050
Total liabilities and stockholders' equity	$3,846,510		$3,571,672

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	$fill in the blank 1
2. Current ratio	fill in the blank 2
3. Quick ratio	fill in the blank 3
4. Accounts receivable turnover	fill in the blank 4