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Riverbed & Associates Inc. reports the following account balances for the year ending June 30, 2022: Accounts payable Accounts receivable Cash and cash equivalents Goodwill
Riverbed & Associates Inc. reports the following account balances for the year ending June 30, 2022: Accounts payable Accounts receivable Cash and cash equivalents Goodwill Inventory Notes payable (due 2027) Interest payable Notes payable (due within one year) Property, plant, and equipment Accumulated depreciation Prepaid insurance Salaries and wages payable Bonds payable $26,000 37,000 15,600 125,000 87,000 103,000 4,800 13,700 580,000 108,000 10,655 12,200 315,000 Compute the company's (a) current ratio and (b) debt to assets ratio. (Round current ratio to 2 decimal places, e.g. 1.55:1 and debt to assets ratio to 0 decimal place, e.g. 55%.) (a) Current ratio :1 (b) Debt to assets ratio %
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