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RIVERBED COMPANY Balance Sheet December 31, 2025 Cash $39,800 Accounts payable $80,000 Receivables 73,800 Mortgage payable 132,950 Inventory 108.000 Common stock ($1 par) 149,700 Plant assets (net) 204,300 Retained earnings 63,250 $425,900 $425,900 The net income for 2025 was $21,295. Assume that total assets are the same in 2024 and 2025. Compute each of the following ratios. (Round answers to 2 decimal places, e.g. 1.59 or 45.87%.) (a) Current ratio (b) Acid-test ratio (c) Debt to assets ratio (d) Return on assets 1.04 % % do

RIVERBED COMPANY Balance Sheet December 31, 2025 Cash $39,800 Accounts payable $80,000 Receivables 73,800 Mortgage payable 132,950 Inventory 108.000 Common stock ($1 par) 149,700 Plant assets (net) 204,300 Retained earnings 63,250 $425,900 $425,900 The net income for 2025 was $21,295. Assume that total assets are the same in 2024 and 2025. Compute each of the following ratios. (Round answers to 2 decimal places, e.g. 1.59 or 45.87%.) (a) Current ratio (b) Acid-test ratio (c) Debt to assets ratio (d) Return on assets 1.04 % % do

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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RIVERBED COMPANY Balance Sheet December 31, 2025 Cash $39,800 Accounts payable $80,000 Receivables 73,800 Mortgage payable 132,950 Inventory 108.000 Common stock ($1 par) 149,700 Plant assets (net) 204,300 Retained earnings 63,250 $425,900 $425,900 The net income for 2025 was $21,295. Assume that total assets are the same in 2024 and 2025. Compute each of the following ratios. (Round answers to 2 decimal places, e.g. 1.59 or 45.87%.) (a) Current ratio (b) Acid-test ratio (c) Debt to assets ratio (d) Return on assets 1.04 % % do
Transcribed Image Text:RIVERBED COMPANY Balance Sheet December 31, 2025 Cash $39,800 Accounts payable $80,000 Receivables 73,800 Mortgage payable 132,950 Inventory 108.000 Common stock ($1 par) 149,700 Plant assets (net) 204,300 Retained earnings 63,250 $425,900 $425,900 The net income for 2025 was $21,295. Assume that total assets are the same in 2024 and 2025. Compute each of the following ratios. (Round answers to 2 decimal places, e.g. 1.59 or 45.87%.) (a) Current ratio (b) Acid-test ratio (c) Debt to assets ratio (d) Return on assets 1.04 % % do
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