Posted: April 20th, 2022

Need accounting help with Internal Control and Cash

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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

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