The comparative statements of Osborne Company are presented here. OSBORNE COMPANY Income Statements For the Years Ended December 31 2014 2013 Net sales $1,895,647 $1,755,607 Cost of goods sold 1,063,647 1,011,107 Gross profit 832,000 744,500 Selling and administrative expenses 505,107 484,107 Income from operations 326,893 260,393 Other expenses and losses Interest expense 23,405 21,405 Income before income taxes 303,488 238,988 Income tax expense 93,405 74,405 Net income $ 210,083 $ 164,583 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 122,907 107,907 Inventory 127,405 116,905 Total current assets 384,412 339,012 Plant assets (net) 660,583 531,883 Total assets $1,044,995 $870,895 Liabilities and Stockholders’ Equity Current liabilities Accounts payable $ 165,107 $150,507 Income taxes payable 44,905 43,405 Total current liabilities 210,012 193,912 Bonds payable 231,583 211,583 Total liabilities 441,595 405,495 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 $1,044,995 $870,895 All sales were on account. Net cash provided by operating activities for 2014 was $232,960. Capital expenditures were $135,420, and cash dividends were $62,083. 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 $