The comparative financial statements of Automotive Solutions Inc. are as follows. The mar- ket 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 2017 20Y8 20Y7 $10,000,000 (5350,000) 3 4650,000 Sales Cost of goods sold Grons profi S9400,000 (4950000 $4450,000 Selling expenses Administrative espenses Total operating expenses Operating income S2,000,000) (1.500 000) SE500,000) $ 1,150,000 S1,160,000 Other revenue and expense Other evenue Other espense nterest Income before income tax 140,000 (150,000 S 1,150,000 015,000 925,000 150,000 (170,000) $ 130,000 p30,000) S 900.000 Income tax espense Net income AUTOMOTIVE SOLUTIONS INC. Comparative Statement of Stockhalders'Equity For the Years Ended December 31, 20Y8 and 20Y7 20Y8 20Y7 Preferred Common Retained Preferred Common Retained Stock Stock Earnings Steck Stock Earnings Balances, Jan. 1 $500,000 s500,000 $5,375,000 $5o0.000 $500,000 $4,545,000 900,000 Net income 925,000 Dividends: (45,000) (50,000) $500,000 $5.375,000 Prefered stock (45,000 (50,000 Common stock Balances, Dec. 31 3500.000 3500.000 36,180.000 3500.000 AUTOMOTIVE SOLUTIONS INC. Comparative Balance Sheet December 31, 20Y8 and 2017 Dec. 31, 20v8 Dec. 31, 20Y7 Assets Cument aseti: $ so0.000 $ 400,000 1,000,000 510,000 Cash Marketable securities 1,010,000 740,000 1,190,000 250,000 $3,60.000 2,35000 3740000 $0,780,000 Accounts neceivable net Inventories 950,000 229,000 $3,089,000 2,300,000 3366 000 $8,755,000 Prepaid expenses Total cument ansets Long-term investments Property, plant, and equipment (ret) Total assets Liabilities Cument labilities S 900,000 Long-term liabilities: Mortgage note payable, 10% Bonds payable, 10% Total long-tarm lablities $ 200,000 1,500,000 $1,700,000 2600,000 1,500,000 $1,500,000 $20.000 Total liabiliies Stockholders Equity Prefemed sas0 stock, $10 par Comman stock, 5 par Rutained eamings Total stockholders'equity Tetal liabilies and stockholden'equity $ s00,000 500,000 6.180000 7.180,000 59780,000 S s00,000 500,000 5.375,500 56.375,000 58755,000 Instructions Determine the following measures for 20Y8. Round all ratios to one decimal place. Round camings 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. Imventory turnover 7. Days' sales in inventory & Debe ratio 9. Ratio of liabilities to stockholders equity 10. Ratio of fixed assets to long-term liabilities 11. Times interest eamed 12. Times preferred dividends carned 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-camings ratio 19. Dividends per share of common stock 20. Dividend yield