The comparative statements of Osborne Company are presented here.OSBORNE COMPANYIncome StatementsFor

The comparative statements of Osborne Company are presented here.OSBORNE COMPANYIncome StatementsFor the Years Ended December 3120142013Net sales$1,892,174$1,752,134Cost of goods sold1,060,1741,007,634Gross profit832,000744,500Selling and administrative expenses501,634480,634Income from operations330,366263,866Other expenses and losses Interest expense23,96021,960Income before income taxes306,406241,906Income tax expense93,96074,960Net income$ 212,446$ 166,946OSBORNE COMPANYBalance SheetsDecember 31Assets20142013Current assets Cash$ 60,100$ 64,200 Debt investments (short-term)74,00050,000 Accounts receivable119,434104,434 Inventory127,960117,460 Total current assets381,494336,094Plant assets (net)662,505533,805Total assets$1,043,999$869,899Liabilities and Stockholders’ EquityCurrent liabilities Accounts payable$ 161,634$147,034 Income taxes payable45,46043,960 Total current liabilities207,094190,994Bonds payable233,505213,505 Total liabilities440,599404,499Stockholders’ equity Common stock ($5 par)290,000300,000 Retained earnings313,400165,400 Total stockholders’ equity603,400465,400Total liabilities and stockholders’ equity$1,043,999$869,899All sales were on account. Net cash provided by operating activities for 2014 was $221,760. Capital expenditures were $135,200, and cash dividends were $64,446.Compute the following ratios for 2014. (Round all answers to 2 decimal places, e.g. 1.83 or 12.61%.)(a)Earnings per share$(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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