Acc osborne company compute the following ratios for 2014

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Reference no: EM13815140

The comparative statements of Osborne Company are presented here.

OSBORNE COMPANY Income Statements For the Years Ended December 31
	2014	2013
Net sales	$1,899,312	$1,759,272
Cost of goods sold	1,067,312	1,014,772
Gross profit	832,000	744,500
Selling and administrative expenses	508,772	487,772
Income from operations	323,228	256,728
Other expenses and losses
Interest expense	23,813	21,813
Income before income taxes	299,415	234,915
Income tax expense	93,813	74,813
Net income	mce_markernbsp;205,602	mce_markernbsp;160,102

OSBORNE COMPANY Balance Sheets December 31
Assets	2014	2013
Current assets
Cash	mce_markernbsp;60,100	mce_markernbsp;64,200
Debt investments (short-term)	74,000	50,000
Accounts receivable	126,572	111,572
Inventory	127,813	117,313
Total current assets	388,485	343,085
Plant assets (net)	660,690	531,990
Total assets	$1,049,175	$875,075
Liabilities and Stockholders' Equity
Current liabilities
Accounts payable	mce_markernbsp;168,772	$154,172
Income taxes payable	45,313	43,813
Total current liabilities	214,085	197,985
Bonds payable	231,690	211,690
Total liabilities	445,775	409,675
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	$1,049,175	$875,075

All sales were on account. Net cash provided by operating activities for 2014 was $232,270. Capital expenditures were $136,970, and cash dividends were $57,602.

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	$

Reference no: EM13815140

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