Question Assignment description
P13-2AThe comparative statements of Osborne Firm are offered right here.Compute ratios from stability sheets and earnings statements. OSBORNE COMPANY Revenue Statements For the Years Ended December 31 2014 2013 Web gross sales $1,890,540 $1,750,500 Value of products bought 1,058,540 1,006,000 Gross revenue 832,000 744,500 Promoting and administrative bills 500,000 479,000 Revenue from operations 332,000 265,500 Different bills and losses Curiosity expense 22,000 20,000 Revenue earlier than earnings taxes 310,000 245,500 Revenue tax expense 92,000 73,000 Web earnings $ 218,000 $ 172,500 OSBORNE COMPANY Steadiness Sheets December 31 Belongings 2014 2013 Present property Cash $ 60,100 $ 64,200 Debt investments (short-term) 74,000 50,000 Accounts receivable 117,800 102,800 Stock 126,000 115,500 Complete present property 377,900 332,500 Plant property (internet) 649,000 520,300 Complete property $1,026,900 $852,800 Liabilities and Stockholders’ Fairness Present liabilities Accounts payable $ 160,000 $145,400 Revenue taxes payable 43,500 42,000 Complete present liabilities 203,500 187,400 Bonds payable 220,000 200,000 Complete liabilities 423,500 387,400 Stockholders’ fairness Widespread inventory ($5 par) 290,000 300,000 Retained earnings 313,400 165,400 Complete stockholders’ fairness 603,400 465,400 Complete liabilities and stockholders’ fairness $1,026,900 $852,800 All gross sales have been on account. Web money offered by working actions for 2014 was $220,000. Capital expenditures have been$136,000, and money dividends have been $70,000.Directions Compute the next ratios for 2014.(a) Earnings per share. (b) Return on widespread stockholders’ fairness. (c) Return on property. (d) Present ratio. (e) Accounts receivable turnover. (f) Common assortment interval. (g) Stock turnover. (h) Days in stock. (i) Instances curiosity earned. (j) Asset turnover. (ok) Debt to property. (l) Present money debt protection. (m) Cash debt protection. (n) Free money movement
