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Vision, Inc.'s comparative income statements and comparative balance sheets follow. Vision, Inc. Comparative Income Statements For the Years Ended December 31, 2014 and 2013 2014

Vision, Inc.'s comparative income statements and comparative balance sheets follow.

Vision, Inc.
Comparative Income Statements
For the Years Ended December 31, 2014 and 2013
2014 2013
Net sales $360,000 $290,000
Cost of goods sold 224,000 176,000
Gross margin $136,000 $114,000
Operating expenses 80,000 60,000
Operating income $ 56,000 $ 54,000
Interest expense 14,000 10,000
Income before income taxes $ 42,000 $ 44,000
Income taxes expense 14,000 16,000
Net income $ 28,000 $ 28,000
Earnings per share $ 2.80 $ 2.80
Vision, Inc.
Comparative Balance Sheets
December 31, 2014 and 2013
2014 2013
Assets
Current assets $ 48,000 $ 40,000
Property, plant, and equipment (net) 260,000 200,000
Total assets $308,000 $240,000
Liabilities and Stockholders' Equity
Current liabilities $ 36,000 $ 44,000
Long-term liabilities 180,000 120,000
Stockholders' equity 92,000 76,000
Total liabilities and stockholders' equity $308,000 $240,000

Compute the cash flow yield, cash flows to sales, cash flows to assets, and free cash flow for 2013 and 2014. Net cash flows from operating activities were $42,000 in 2013 and $32,000 in 2014. Net capital expenditures were $60,000 in 2013 and $80,000 in 2014. Cash dividends were $12,000 in both years. Total assets in 2012 were $200,000. Round your answers to one decimal place. If required, use the minus sign to indicate a negative free cash flow.

2014 2013
Cash flow yield: times times
Cash flows to sales: % %
Cash flows to assets: % %
Free cash flow: $ $

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