Please help solve this question. Thanks in advance :0) The


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Please help solve this question. Thanks in advance :0) The comparative statements of Osborne Company are presented here. OSBORNE COMPANY Income Statements For the Years Ended December 31 2014 2013 Net sales $1,895,399 $1,755,359 Cost of goods sold 1,063,399 1,010,859 Gross profit 832,000 744,500 Selling and administrative expenses 504,859 483,859 Income from operations 327,141 260,641 Other expenses and losses Interest expense 23,405 21,405 Income before income taxes 303,736 239,236 Income tax expense 93,405 74,405 Net income $ 210,331 $ 164,831 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 122,659 107,659 Inventory 127,405 116,905 Total current assets 384,164 338,764 Plant assets (net) 661,148 532,448 Total assets $1,045,312 $871,212 Liabilities and Stockholders’ Equity Current liabilities Accounts payable $ 164,859 $150,259 Income taxes payable 44,905 43,405 Total current liabilities 209,764 193,664 Bonds payable 232,148 212,148 Total liabilities 441,912 405,812 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 $1,045,312 $871,212 All sales were on account. Net cash provided by operating activities for 2014 was $240,140. Capital expenditures were $135,800, and cash dividends were $62,331. 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 $ DoctorBraveryDeer1242
posted a question · Dec 22, 2014 at 8:38pm

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