13-2A

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The comparative statements of Osborne Company are presented here.

OSBORNE COMPANY Income Statements For the Years Ended December 31
2014	2013
Net sales	$1,894,017	$1,753,977
Cost of goods sold	1,062,017	1,009,477
Gross profit	832,000	744,500
Selling and administrative expenses	503,477	482,477
Income from operations	328,523	262,023
Other expenses and losses
Interest expense	23,361	21,361
Income before income taxes	305,162	240,662
Income tax expense	93,361	74,361
Net income	$211,801	$166,301

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	121,277	106,277
Inventory	127,361	116,861
Total current assets	382,738	337,338
Plant assets (net)	661,289	532,589
Total assets	$1,044,027	$869,927
Liabilities and Stockholders Equity
Current liabilities
Accounts payable	$163,477	$148,877
Income taxes payable	44,861	43,361
Total current liabilities	208,338	192,238
Bonds payable	232,289	212,289
Total liabilities	440,627	404,527
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	$1,044,027	$869,927

All sales were on account. Net cash provided by operating activities for 2014 was $235,490. Capital expenditures were $136,560, and cash dividends were $63,801.

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	$