financeComparative financial statement data for Bosch Corporation and Fielder Corporation, two competitors, appear below. All balance sheet data are as of December 31, 2014.
$$
\begin{array}{lcc}
&\underline{\textbf{Bosch Corporation}}&\underline{\textbf{Fielder Corporation}}\\
&\underline{\textbf{2014}}&\underline{\textbf{2014}}\\[3pt]
\text{Net sales}&\text{\$\hspace{1pt}1,800,000}&\text{\$\hspace{1pt}620,000}\\
\text{Cost of goods sold}&\text{\hspace{6pt}1,175,000}&\text{\hspace{6pt}340,000}\\
\text{Operating expenses}&\text{\hspace{14pt}283,000}&\text{\hspace{11pt}98,000}\\
\text{Interest expense}&\text{\hspace{24pt}9,000}&\text{\hspace{16pt}3,800}\\
\text{Income tax expense}&\text{\hspace{19pt}85,000}&\text{\hspace{11pt}36,000}\\
\text{Current assets}&\text{\hspace{14pt}407,200}&\text{\hspace{6pt}190,336}\\
\text{Plant assets (net)}&\text{\hspace{14pt}532,000}&\text{\hspace{6pt}139,728}\\
\text{Current liabilities}&\text{\hspace{19pt}66,325}&\text{\hspace{11pt}33,716}\\
\text{Long-term liabilities}&\text{\hspace{14pt}108,500}&\text{\hspace{11pt}40,684}\\
\text{Net cash provided by operating activities}&\text{\hspace{14pt}138,000}&\text{\hspace{11pt}36,000}\\
\text{Capital expenditures}&\text{\hspace{19pt}90,000}&\text{\hspace{11pt}20,000}\\
\text{Dividends paid on common stock}&\text{\hspace{19pt}36,000}&\text{\hspace{11pt}15,000}\\
\text{Average number of shares outstanding}&\text{\hspace{19pt}80,000}&\text{\hspace{11pt}50,000}\\
\end{array}
$$
***Instructions***
(c) Comment on the relative solvency of the companies by computing the debt to assets ratio and the free cash flow for each company for 2014. 5th Edition•ISBN: 9781118898208Jack T. Marchewka346 solutions
15th Edition•ISBN: 9781337520164John David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine249 solutions
7th Edition•ISBN: 9780077475864James Fitzsimmons, Mona Fitzsimmons103 solutions
15th Edition•ISBN: 9781337520164John David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine249 solutions