Current Attempt in Progress
Condensed balance sheet and income statement data for RiverbedCorporation are presented here.
RIVERBED CORPORATION
Balance Sheets
December 31 |
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| | 2022 | | 2021 | | 2020 |
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Cash | | $ 33,000 | | $ 23,000 | | $ 21,000 |
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Accounts receivable (net) | | 53,000 | | 48,000 | | 51,000 |
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Other current assets | | 95,000 | | 100,000 | | 69,000 |
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Investments | | 60,000 | | 75,000 | | 50,000 |
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Plant and equipment (net) | | 500,000 | | 370,000 | | 358,000 |
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| | $741,000 | | $616,000 | | $549,000 |
Current liabilities | | $ 88,000 | | $ 83,000 | | $ 73,000 |
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Long-term debt | | 150,000 | | 90,000 | | 55,000 |
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Common stock, $10 par | | 325,000 | | 315,000 | | 305,000 |
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Retained earnings | | 178,000 | | 128,000 | | 116,000 |
|---|
| | $741,000 | | $616,000 | | $549,000 |
RIVERBED CORPORATION
Income Statements
For the Years Ended December 31 |
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| | 2022 | | 2021 |
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Sales revenue | | $745,000 | | $605,000 |
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Less: Sales returns and allowances | | 43,000 | | 33,000 |
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Net sales | | 702,000 | | 572,000 |
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Cost of goods sold | | 430,000 | | 355,000 |
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Gross profit | | 272,000 | | 217,000 |
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Operating expenses (including income taxes) | | 183,000 | | 153,000 |
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Net income | | $ 89,000 | | $ 64,000 |
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Additional information:
| 1. | | The market price of Riverbed’s common stock was $7.00, $7.50,and $8.50 for 2020, 2021, and 2022, respectively. |
| 2. | | You must compute dividends paid. All dividends were paid incash. |
Compute the following ratios for 2021 and 2022.
| | 2022 | | 2021 | | |
|---|
Profit margin | | enter percentages | % | | enter percentages | % | | (Round answers to 1 decimal place, e.g.1.5%.) |
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Gross profit rate | | enter percentages | % | | enter percentages | % | | (Round answers to 1 decimal place, e.g.1.5%.) |
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Asset turnover | | enter asset turnover in times | times | | enter asset turnover in times | times | | (Round answers to 2 decimal places, e.g.1.83.) |
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Earnings per share | | $enter earnings per share in dollars | | | $enter earnings per share in dollars | | | (Round answers to 2 decimal places, e.g.1.83.) |
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Price-earnings ratio | | enter price-earnings ratio in times | times | | enter price-earnings ratio in times | times | | (Round answers to 1 decimal place, e.g.1.5.) |
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Payout ratio | | enter percentages | % | | enter percentages | % | | (Round answers to 0 decimal places, e.g.15%.) |
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Debt to assets ratio | | enter percentages | % | | enter percentages | % | | (Round answers to 0 decimal places, e.g.15%.) |
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