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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
$1,899,482
$1,759,442
Cost of goods sold
1,067,482
1,014,942
Gross profit
832,000
744,500
Selling and administrative expenses
508,942
487,942
Income from operations
323,058
256,558
Other expenses and losses
Interest expense
23,720
21,720
Income before income taxes
299,338
234,838
Income tax expense
93,720
74,720
Net income
mce_markernbsp;205,618
mce_markernbsp;160,118
OSBORNE COMPANY Balance Sheets December 31
Assets
Current assets
Cash
mce_markernbsp;60,100
mce_markernbsp;64,200
Debt investments (short-term)
74,000
50,000
Accounts receivable
126,742
111,742
Inventory
127,720
117,220
Total current assets
388,562
343,162
Plant assets (net)
662,072
533,372
Total assets
$1,050,634
$876,534
Liabilities and Stockholders' Equity
Current liabilities
Accounts payable
mce_markernbsp;168,942
$154,342
Income taxes payable
45,220
43,720
Total current liabilities
214,162
198,062
Bonds payable
233,072
213,072
Total liabilities
447,234
411,134
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
All sales were on account. Net cash provided by operating activities for 2014 was $245,880. Capital expenditures were $136,060, and cash dividends were $57,618.
Compute the following ratios for 2014. (Round all answers to 2 decimal places, e.g. 1.83 or 12.61%.) (a) Earnings per share mce_markernbsp; (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 $
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The following condensed information was reported by Peabody Toys, Inc., for 2016 and 2015: ($ in 000s) 2016 2015 Income statement information Net sales $ 5,200 $ 4,200 Net income 180 124 Balance sheet information Current assets $ 800 $ 750 Property, ..
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