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PLZ EXPLAIN WORKING Comparative financial statement data for Riverbed Corp and Pronghorn Corp, two competitors, appear below. All balance sheet data are as of December
PLZ EXPLAIN WORKING
Comparative financial statement data for Riverbed Corp and Pronghorn Corp, two competitors, appear below. All balance sheet data are as of December 31, 2022. Riverbed Corp Pronghorn Corp 2022 2022 $2,016,000 $694,400 Net sales Cost of goods sold 1,316,000 380,800 316,960 109,760 Operating expenses Interest expense 10,740 4,520 Income tax expense 95,500 40,320 483,600 192,780 595,400 156,820 74.400 37,800 119,820 32.120 Current assets Plant assets (net) Current liabilities Long-term liabilities Net cash common by operating activities Capital expenditures Dividends paid on common stock Weighted average common shares outstanding 154,560 40,320 100.800 22,400 40,320 16,800 80,000 50,000 (a) Compute the net income and earnings per share for each company for 2022. (Round Earnings per share to 2 decimal places, eg. $2.78.) Net Income Earnings per share Riverbed Corp $ $ Pronghorn Corp $ $ (b) Compute working capital and the current ratio for each company for 2022. (Round current ratio to 1 decimal place, e.g. 0.7: 1.) Working Capital Current Ratio Riverbed Corp $ 1 :1 Pronghorn Corp $ :1 (c) Compute the debt to assets ratio and the free cash flow for each company for 2022. (Round debt to assets to 1 decimal place, e.g. 78.9%. Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg. (45).) Debt to Assets Free Cash Flow Riverbed Corp % $ Pronghorn Corp $Step by Step Solution
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