The comparative statements of Osborne Company are presented here.

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 cashflow.

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OSBORNE COMPANY Income Statements For the Years Ended December 31 2014 2013 Net sales Cost of goods sold Gross profit Selling and administrative expenses Income from operations Other expenses and losses $1,890,540 1,058,540 832,000 500,000 332,000 $1,750,500 1,006,000 744,500 479,000 265,500 Interest expense Income before income taxes Income tax expense Net income 22,000 310,000 92,000 218,000 20,000 245,500 73,000 172,500 OSBORNE COMPANY Balance Sheets December 31 Assets 2014 2013 Current assets 60,100 74,000 117,800 126,000 377,900 649,000 1,026,900 Cash $ 64,200 50,000 102,800 15,500 332,500 520,300 $852,800 Debt investments (short-term) Accounts receivable Inventory Total current assets Plant assets (net) Total assets Liabilities and Stockholders' Equity Current liabilitie:s Accounts payable Income taxes payable 160,000 43,500 203,500 220,000 423,500 $145,400 42,000 187,400 200,000 387,400 Total current liabilities Bonds payable Total liabilities Stockholders' equity Common stock ($5 par) Retained earnings 290,000 313,400 603,400 $1,026,900 300,000 165,400 465,400 $852,800 Total stockholders' equity Total liabilities and stockholders' equity