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 $56 on December 31, 20Y8. AUTOMOTIVE SOLUTIONS INC. Comparative Income Statement For the Years Ended December 31, 20Y8 and 20Y7       20Y8     20Y7 Sales $3,495,240    $3,220,340    Cost of goods sold (1,270,200)   (1,168,580)   Gross profit $2,225,040    $2,051,760    Selling expenses $(776,400)   $(938,590)   Administrative expenses (661,380)   (551,240)   Total operating expenses (1,437,780)   (1,489,830)   Operating income $787,260    $561,930    Other revenue and expense:             Other income 41,440    35,870        Other expense (interest) (256,000)    (140,800)    Income before income tax $572,700    $457,000    Income tax expense (68,700)   (55,200)   Net income $504,000   $401,800   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   $480,000     $550,000     $2,333,200     $480,000     $550,000     $1,961,800   Net income               504,000                 401,800   Dividends:                                         Preferred stock               (8,400)                 (8,400)       Common stock               (22,000)                 (22,000)   Balances, Dec. 31   $480,000     $550,000     $2,806,800     $480,000     $550,000     $2,333,200   AUTOMOTIVE SOLUTIONS INC. Comparative Balance Sheet December 31, 20Y8 and 20Y7       Dec. 31, 20Y8     Dec. 31, 20Y7 Assets   Current assets:     Cash $830,050   $434,230   Temporary investments 1,256,300   719,580   Accounts receivable (net) 642,400   605,900   Inventories 481,800   365,000   Prepaid expenses 157,034   86,850   Total current assets $3,367,584   $2,211,560   Long-term investments 1,169,696   14,487   Property, plant, and equipment (net) 3,520,000   3,168,000   Total assets $8,057,280   $5,394,047   Liabilities Current liabilities $1,020,480   $270,847   Long-term liabilities:     Mortgage note payable, 8%, due in 15 years $1,440,000   $0   Bonds payable, 8%, due in 20 years 1,760,000   1,760,000   Total long-term liabilities $3,200,000   $1,760,000   Total liabilities $4,220,480   $2,030,847   Stockholders' Equity     Preferred $0.70 stock, $40 par $480,000   $480,000   Common stock, $10 par 550,000   550,000   Retained earnings 2,806,800   2,333,200   Total stockholders' equity $3,836,800   $3,363,200   Total liabilities and stockholders' equity $8,057,280   $5,394,047   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

Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31. 2020 $ 487,179 $ 373,219 2021 293,282 236,621 193,897 69,179 43,846 113,025 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income Assets Current assets 84,347 80,872 52,251 15,042 10,711 $ 65,830 $ 41,540 KORBIN COMPANY Comparative Balance Sheets December 31 Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities. Common stock Other paid-in capital Retained earnings Total liabilities and equity 136,598 51,504 32,843 2021 2020 2019 $ 259,000 165,760 93,240 34,188 21,497 55,685 37,555 7,624 $ 29,931 $ 64,678 116,492 0 $ 43,289 900 106,308 $ 181,170 $ 150,497 $ 26,451 66,000 8,250 80,469 $ 22,424 66,000 8,250 53,823 $ 181,170 $ 150,497 2019 $ 57,867 4,860 61,960 $ 124,687 $ 21,820 48,000 5,333 49,534 $ 124,687

Using the income statement information for Einsworth Corporation that follows, prepare a vertical analysis of the income statement for Einsworth Corporation.   Einsworth Corporation Income Statement 1   Amount Percentage 2 Sales $1,200,000.00   3 Cost of goods sold 780,000.00   4 Gross profit $420,000.00

Comparative financial statement data for Carmono Company follow: Assets Cash and cash equivalents Accounts receivable Inventory Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Total assets Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings Total liabilities and stockholders' equity For this year, the company reported net income as follows: Sales Cost of goods sold Gross margin Selling and administrative expenses Net income This Year $ 11.00 64.00 110.00 185.00 252.00 51.20 200.80 $385.80 $ 66.00 146.00 173.80 $385.80 $ 1,200.00 720.00 480.00 460.00 $ 20.00 Last Year $ 21.00 57.00 97.40 175.40 208.00 38 40 169.60 $345.00 $ 53.00 112.00 180.00 $345.00 This year Carmono paid a cash dividend but it did not sell any property, plant, and equipment or repurchase any of its own stock. Required: 1. Using the indirect method, prepare a statement of cash flows for this year. 2. Compute Carmono's…