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Current Attempt in Progress The financial statements of Riverbed Company appear below: RIVERBED COMPANY Comparative Balance Sheet December 31 2022 2021 $ 26,800 19,400 48,200
Current Attempt in Progress The financial statements of Riverbed Company appear below: RIVERBED COMPANY Comparative Balance Sheet December 31 2022 2021 $ 26,800 19,400 48,200 138,000 158,000 $390,400 $ 39,300 66,100 31,700 184,000 151,000 $472,100 Assets Cash Debt investments Accounts receivable (net) Inventory Property, plant and equipment (net) Total assets Liabilities and stockholders' equity Accounts payable Short-term notes payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 24,300 44,600 81,700 135,800 104,000 $390,400 $ 24,100 100,400 142,800 123,900 80,900 $472,100 $379,000 180,000 199,000 RIVERBED COMPANY Income Statement For the Year Ended December 31, 2022 Net sales (all on credit) Cost of goods sold Gross profit Expenses Interest expense $11,100 Selling expenses 28,000 Administrative expenses 22,000 Total expenses Income before income taxes Income tax expense Net income 61,100 137,900 34,400 $ 103,500 Additional information: a. b. Cash dividends of $52,500 were declared and paid on common stock in 2022. Weighted-average number of shares of common stock outstanding during 2022 was 52,500 shares. Market price of common stock on December 31, 2022, was $13 per share. Net cash provided by operating activities for 2022 was $68,700. d. Using the financial statements and additional information, compute the following ratios for the Riverbed Company for 2022. (Round all answers to 2 decimal places, e.g. 1.83 or 12.61%.) 1. Current ratio : 1 2. Return on common stockholders' equity 3. Price-earnings ratio times 4. Inventory turnover times 5. Accounts receivable turnover times 6. Times interest earned times 7. Profit margin % 8. Average days in inventory days 9. Payout ratio % 10. Return on assets %
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