Question
Current Attempt in Progress Condensed balance sheet and income statement data for Riverbed Corporation are presented here. RIVERBED CORPORATION Balance Sheets December 31 2022 2021
Current Attempt in Progress
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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