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Condensed balance sheet and income statement data for Riverbed Corporation are presented here. RIVERBED CORPORATION Balance Sheets December 31 2022 2021 2020 Cash $ 33,000

Condensed balance sheet and income statement data for Riverbed Corporation are presented here.

RIVERBED CORPORATION Balance Sheets December 31

2022

2021

2020

Cash

$ 33,000

$ 23,000

$ 21,000

Accounts receivable (net)

53,000

48,000

51,000

Other current assets

95,000

100,000

69,000

Investments

60,000

75,000

50,000

Plant and equipment (net)

500,000

370,000

358,000

$741,000

$616,000

$549,000

Current liabilities

$ 88,000

$ 83,000

$ 73,000

Long-term debt

150,000

90,000

55,000

Common stock, $10 par

325,000

315,000

305,000

Retained earnings

178,000

128,000

116,000

$741,000

$616,000

$549,000

RIVERBED CORPORATION Income Statements For the Years Ended December 31

2022

2021

Sales revenue

$745,000

$605,000

Less: Sales returns and allowances

43,000

33,000

Net sales

702,000

572,000

Cost of goods sold

430,000

355,000

Gross profit

272,000

217,000

Operating expenses (including income taxes)

183,000

153,000

Net income

$ 89,000

$ 64,000

Additional information:

1. The market price of Riverbeds common stock was $7.00, $7.50, and $8.50 for 2020, 2021, and 2022, respectively.
2. You must compute dividends paid. All dividends were paid in cash.

Compute the following ratios for 2021 and 2022.

2022

2021

Profit margin

enter percentages

%

enter percentages

% (Round answers to 1 decimal place, e.g. 1.5%.)

Gross profit rate

enter percentages

%

enter percentages

% (Round answers to 1 decimal place, e.g. 1.5%.)

Asset turnover

enter asset turnover in times

times

enter asset turnover in times

times (Round answers to 2 decimal places, e.g. 1.83.)

Earnings per share

$enter earnings per share in dollars

$enter earnings per share in dollars

(Round answers to 2 decimal places, e.g. 1.83.)

Price-earnings ratio

enter price-earnings ratio in times

times

enter price-earnings ratio in times

times (Round answers to 1 decimal place, e.g. 1.5.)

Payout ratio

enter percentages

%

enter percentages

% (Round answers to 0 decimal places, e.g. 15%.)

Debt to assets ratio

enter percentages

%

enter percentages

% (Round answers to 0 decimal places, e.g. 15%.)

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