13-2A

The comparative statements of Osborne Company are presented here.

OSBORNE COMPANY Income Statements For the Years Ended December 31
2014	2013
Net sales	$1,891,986	$1,751,946
Cost of goods sold	1,059,986	1,007,446
Gross profit	832,000	744,500
Selling and administrative expenses	501,446	480,446
Income from operations	330,554	264,054
Other expenses and losses
Interest expense	23,235	21,235
Income before income taxes	307,319	242,819
Income tax expense	93,235	74,235
Net income	$214,084	$168,584

OSBORNE COMPANY Balance Sheets December 31
Assets	2014	2013
Current assets
Cash	$60,100	$64,200
Debt investments (short-term)	74,000	50,000
Accounts receivable	119,246	104,246
Inventory	127,235	116,735
Total current assets	380,581	335,181
Plant assets (net)	663,069	534,369
Total assets	$1,043,650	$869,550
Liabilities and Stockholders Equity
Current liabilities
Accounts payable	$161,446	$146,846
Income taxes payable	44,735	43,235
Total current liabilities	206,181	190,081
Bonds payable	234,069	214,069
Total liabilities	440,250	404,150
Stockholders equity
Common stock ($5 par)	290,000	300,000
Retained earnings	313,400	165,400
Total stockholders equity	603,400	465,400
Total liabilities and stockholders equity	$1,043,650	$869,550

All sales were on account. Net cash provided by operating activities for 2014 was $235,900. Capital expenditures were $136,850, and cash dividends were $66,084.

Compute the following ratios for 2014.(Round all answers to 2 decimal places, e.g. 1.83 or 12.61%.)

(a) Earnings per share $

(b) Return on common stockholders equity

% (c) Return on assets

% (d) Current ratio

:1 (e) Accounts receivable turnover

times (f) Average collection period

days (g) Inventory turnover

times (h) Days in inventory

days (i) Times interest earned

times (j) Asset turnover

times (k) Debt to assets

% (l) Current cash debt coverage

times (m) Cash debt coverage

times(n)Free cash flow $