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Riverbed Company manufactures backpacks. During 2022. Riverbed issued bonds at 10% interest and used the cash proceeds to purchase treasury stock. The following financial information

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Riverbed Company manufactures backpacks. During 2022. Riverbed issued bonds at 10% interest and used the cash proceeds to purchase treasury stock. The following financial information is available for Riverbed Company for the years 2022 and 2021. 2022 2021 Sales revenue $15,300,000 $15,300,000 Net income 3.808,000 4,250,000 Interest expense 1.200.000 336,000 1,139,000 1,275,000 2,136,000 2,462,400 720,000 720,000 Tax expense Dividends paid on common stock Dividends paid on preferred stock Total assets (year-end) Average total assets Total liabilities (year-end) 24.650,000 28,687,500 26,668,750 42,631,200 14,400.000 7,200,000 Avg. total common stockholders' equity 22,560,000 33,840,000 a (a) Use the information above to calculate the following ratios for both years: (Round answers to 1 decimal place, eg, 12.5% or 12.5.) 26,668,750 42.631.200 Average total assets Total liabilities (year-end) Avg. total common stockholders' equity 14,400,000 7.200.000 22.560,000 33,840,000 (a) Use the information above to calculate the following ratios for both years: (Round answers to 1 decimal place, eg. 12.5% or 12.5) 2022 2021 (1) Return on assets % % (2) Return on common stockholders' equity % % (3) Payout ratio % % %6 (4) Debt to assets ratio % %6 (5) Times interest earned times times

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