Problem 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	$1,898,923	$1,758,883
Cost of goods sold	1,066,923	1,014,383
Gross profit	832,000	744,500
Selling and administrative expenses	508,383	487,383
Income from operations	323,617	257,117
Other expenses and losses
Interest expense	23,513	21,513
Income before income taxes	300,104	235,604
Income tax expense	93,513	74,513
Net income	$206,591	$161,091

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	126,183	111,183
Inventory	127,513	117,013
Total current assets	387,796	342,396
Plant assets (net)	660,559	531,859
Total assets	$1,048,355	$874,255
Liabilities and Stockholders Equity
Current liabilities
Accounts payable	$168,383	$153,783
Income taxes payable	45,013	43,513
Total current liabilities	213,396	197,296
Bonds payable	231,559	211,559
Total liabilities	444,955	408,855
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	$1,048,355	$874,255

All sales were on account. Net cash provided by operating activities for 2014 was $235,790. Capital expenditures were $135,260, and cash dividends were $58,591. 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	$

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