The comparative statements of Osborne Company are presented here.

*Problem 13-2AThe comparative statements of Osborne Company are presented here.OSBORNE COMPANYIncome StatementsFor the Years Ended December 3120142013Net sales$1,895,855 $1,755,815Cost of goods sold1,063,8551,011,315Gross profit832,000744,500Selling and administrative505,315484,315expensesIncome from operations326,685260,185Other expenses and lossesInterest expense23,41621,416Income before income taxes303,269238,769Income tax expense93,41674,416Net income$ 209,853$ 164,353OSBORNE COMPANYBalance SheetsDecember 312014AssetsCurrent assetsCashDebt investments (short-term)Accounts receivableInventoryTotal current assetsPlant assets (net)Total assetsLiabilities and Stockholders’EquityCurrent liabilitiesAccounts payableIncome taxes payableTotal current liabilitiesBonds payableTotal liabilitiesStockholders’ equityCommon stock ($5 par)Retained earningsTotal stockholders’ equityTotal liabilities and stockholders’equity2013$ 60,100 $ 64,20074,00050,000123,115108,115127,416116,916384,631339,231661,217532,517$1,045,848 $871,748$ 165,315 $150,71544,91643,416210,231194,131232,217212,217442,448406,348290,000313,400603,400300,000165,400465,400$1,045,848 $871,748All sales were on account. Net cash provided by operating activities for 2014 was $222,980. Capitalexpenditures were $136,200, and cash dividends were $61,853.Compute the following ratios for 2014. (Round all answers to 2decimal places, e.g. 1.83 or 12.61%.)(a)Earnings pershareReturn oncommon(b)stockholders’ equity(c)Return onassets(d) Current ratioAccounts(e) receivableturnoverAverage(f) collectionperiod(g)Inventoryturnover(h)Days ininventoryTimes(i) interestearned(j)Assetturnover(k)Debt toassetsCurrent(l) cash debtcoverage(m)Cash debtcoverage(n)Free cashflowQuestion Attempts: 0 of 3used