In: Accounting
Current Attempt in Progress
Condensed balance sheet and income statement data for Riverbed Corporation are presented here.
RIVERBED CORPORATION |
||||||
---|---|---|---|---|---|---|
2022 |
2021 |
2020 |
||||
Cash |
$ 33,000 |
$ 23,000 |
$ 21,000 |
|||
Accounts receivable (net) |
53,000 |
48,000 |
51,000 |
|||
Other current assets |
95,000 |
100,000 |
69,000 |
|||
Investments |
60,000 |
75,000 |
50,000 |
|||
Plant and equipment (net) |
500,000 |
370,000 |
358,000 |
|||
$741,000 |
$616,000 |
$549,000 |
||||
Current liabilities |
$ 88,000 |
$ 83,000 |
$ 73,000 |
|||
Long-term debt |
150,000 |
90,000 |
55,000 |
|||
Common stock, $10 par |
325,000 |
315,000 |
305,000 |
|||
Retained earnings |
178,000 |
128,000 |
116,000 |
|||
$741,000 |
$616,000 |
$549,000 |
RIVERBED CORPORATION |
||||
---|---|---|---|---|
2022 |
2021 |
|||
Sales revenue |
$745,000 |
$605,000 |
||
Less: Sales returns and allowances |
43,000 |
33,000 |
||
Net sales |
702,000 |
572,000 |
||
Cost of goods sold |
430,000 |
355,000 |
||
Gross profit |
272,000 |
217,000 |
||
Operating expenses (including income taxes) |
183,000 |
153,000 |
||
Net income |
$ 89,000 |
$ 64,000 |
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 in cash. |
Compute the following ratios for 2021 and 2022.
2022 |
2021 |
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---|---|---|---|---|---|---|---|---|
Profit margin |
enter percentages |
% |
enter percentages |
% | (Round answers to 1 decimal place, e.g. 1.5%.) | |||
Gross profit rate |
enter percentages |
% |
enter percentages |
% | (Round answers to 1 decimal place, e.g. 1.5%.) | |||
Asset turnover |
enter asset turnover in times |
times |
enter asset turnover in times |
times | (Round answers to 2 decimal places, e.g. 1.83.) | |||
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.) | |||||
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.) | |||
Payout ratio |
enter percentages |
% |
enter percentages |
% | (Round answers to 0 decimal places, e.g. 15%.) | |||
Debt to assets ratio |
enter percentages |
% |
enter percentages |
% | (Round answers to 0 decimal places, e.g. 15%.) |