Problem 13-2AYour answer is incorrect. Try again.The comparative statements of Osborne Company are p

Problem 13-2AYour answer is incorrect. Try again.The comparative statements of Osborne Company are presented here.OSBORNE COMPANYIncome StatementsFor the Years Ended December 3120142013Net sales$1,894,017$1,753,977Cost of goods sold1,062,0171,009,477Gross profit832,000744,500Selling and administrative expenses503,477482,477Income from operations328,523262,023Other expenses and losses Interest expense23,36121,361Income before income taxes305,162240,662Income tax expense93,36174,361Net income$ 211,801$ 166,301OSBORNE COMPANYBalance SheetsDecember 31Assets20142013Current assets Cash$ 60,100$ 64,200 Debt investments (short-term)74,00050,000 Accounts receivable121,277106,277 Inventory127,361116,861 Total current assets382,738337,338Plant assets (net)661,289532,589Total assets$1,044,027$869,927Liabilities and Stockholders’ EquityCurrent liabilities Accounts payable$ 163,477$148,877 Income taxes payable44,86143,361 Total current liabilities208,338192,238Bonds payable232,289212,289 Total liabilities440,627404,527Stockholders’ equity Common stock ($5 par)290,000300,000 Retained earnings313,400165,400 Total stockholders’ equity603,400465,400Total liabilities and stockholders’ equity$1,044,027$869,927All 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 turnovertimes(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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