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Comparative financial statement data for Cullumber Corporation and Riverbed Corporation, two competitors, appear below. All balance sheet data are as of December 31, 2022. Net
Comparative financial statement data for Cullumber Corporation and Riverbed Corporation, two competitors, appear below. All balance sheet data are as of December 31, 2022. Net sales Cost of goods sold Operating expenses Interest expense Income tax expense Current assets Plant assets (net) Current liabilities Long-term liabilities Cullumber Corporation 2022 $2,304,000 1,504,000 362,240 11.520 108,800 466,928 680,960 84,896 138,880 Riverbed Corporation 2022 $793,600 435,200 125,440 4.864 46,080 198.518 178.852 43,156 52,076 (a) Your answer is incorrect. Compute working capital and the current ratios for each company for 2022. (Round current ratio to 1 decimal place, e.g. 0.7: 1.) Working Capital Current Ratio Cullumber Corporation $ :1 Riverbed Corporation $ :1
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