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	$1,896,371	$1,756,331
Cost of goods sold	1,064,371	1,011,831
Gross profit	832,000	744,500
Selling and administrative expenses	505,831	484,831
Income from operations	326,169	259,669
Other expenses and losses
Interest expense	23,559	21,559
Income before income taxes	302,610	238,110
Income tax expense	93,559	74,559
Net income	$209,051	$163,551

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	123,631	108,631
Inventory	127,559	117,059
Total current assets	385,290	339,890
Plant assets (net)	659,031	530,331
Total assets	$1,044,321	$870,221
Liabilities and Stockholders Equity
Current liabilities
Accounts payable	$165,831	$151,231
Income taxes payable	45,059	43,559
Total current liabilities	210,890	194,790
Bonds payable	230,031	210,031
Total liabilities	440,921	404,821
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	$1,044,321	$870,221

All sales were on account. Net cash provided by operating activities for 2014 was $240,190. Capital expenditures were $136,710, and cash dividends were $61,051.

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 $