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Riverbed Company has these comparative balance sheet data: RIVERBED COMPANY Balance Sheets December 31 2022 2021 Cash $ 45,800 $ 32,200 Accounts receivable (net) 59.200

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Riverbed Company has these comparative balance sheet data: RIVERBED COMPANY Balance Sheets December 31 2022 2021 Cash $ 45,800 $ 32,200 Accounts receivable (net) 59.200 52,100 Inventory 59,000 57.000 Plant assets (net) 171,500 176,500 $335,500 $317.800 Accounts payable $ 49,800 $57.900 Mortgage payable (15%, due in 15 years) 93,900 104.700 Common stock, $10 par 126,800 101,100 Common stock, $10 par 126,800 101,100 Retained earnings 65,000 54.100 $335,500 $317,800 Additional information for 2022: 1. 2. 3. Net income was $20,000. Sales on account were $418,000. Sales returns and allowances amounted to $24.700. Cost of goods sold was $228,000. Net cash provided by operating activities was $45,000. Capital expenditures were $25,000, and cash dividends were $13,000. 4. 5. Compute the following ratios at December 31, 2022. (Round all answers to 1 decimal place, eg. 1.8) (a) Current ratio 1 4. Net cash provided by operating activities was $45,000. Capital expenditures were $25,000, and cash dividends were $13,000. 5. Compute the following ratios at December 31, 2022. (Round all answers to 1 decimal place, eg. 1.8) Current ratio : 1 (a) (b) Accounts receivable turnover times (c) Average collection period days (a) Inventory turnover times le) Days in inventory days Free cash flow

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