The comparative statements of Osborne Company are presented here.

OSBORNE COMPANY Income Statements For the Years Ended December 31
	2014	2013
Net sales	$1,890,540	$1,750,500
Cost of goods sold	1,058,540	1,006,000
Gross profit	832,000	744,500
Selling and administrative expenses	500,000	479,000
Income from operations	332,000	265,500
Other expenses and losses
Interest expense	22,000	20,000
Income before income taxes	310,000	245,500
Income tax expense	92,000	73,000
Net income	$218,000	$172,500

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	117,800	102,800
Inventory	126,000	115,500
Total current assets	377,900	332,500
Plant assets (net)	649,000	520,300
Total assets	$1,026,900	$852,800

Liabilities and Stockholders' Equity
Current liabilities
Accounts payable	$160,000	$145,400
Income taxes payable	43,500	42,000
Total current liabilities	203,500	187,400
Bonds payable	220,000	200,000
Total liabilities	423,500	387,400
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	$1,026,900	$852,800

All sales were on account. Net cash provided by operating activities for 2014 was $220,000. Capital expenditures were $136,000, and cash dividends were $70,000.

Instructions

Compute the following ratios for 2014.

(a)	Earnings per share.

(b)	Return on common stockholders' equity.

(c)	Return on assets.

(d)	Current ratio.

(e)	Accounts receivable turnover.

(f)	Average collection period.

(g)	Inventory turnover.

(h)	Days in inventory.

(i)	Times interest earned.

(j)	Asset turnover.

(k)	Debt to assets.

(l)	Current cash debt coverage.

(m)	Cash debt coverage.

(n)	Free cash flow.