Presented below is the comparative balance sheet for Riverbed Company. \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{RiverbedCompanyComparativeBalanceSheetAsofDecember31} \\ \hline...

70.2K

Verified Solution

Question

Accounting

imageimage Presented below is the comparative balance sheet for Riverbed Company. \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{RiverbedCompanyComparativeBalanceSheetAsofDecember31} \\ \hline & \multicolumn{2}{|c|}{ December 31} \\ \hline & 2026 & 2025 \\ \hline \multicolumn{3}{|l|}{Assets} \\ \hline Cash & $181,100 & $272,600 \\ \hline Accounts receivable (net) & 219,700 & 154,500 \\ \hline Short-term investments & 270,300 & 148,700 \\ \hline Inventories & 1,068,900 & 989,600 \\ \hline Prepaid expenses & 24,700 & 24,700 \\ \hline Plant \& equipment & 2,579,900 & 1,939,200 \\ \hline \multirow[t]{2}{*}{ Accumulated depreciation } & (990,200) & (754,600) \\ \hline & $3,354,400 & $2,774,700 \\ \hline \multicolumn{3}{|c|}{ Liabilities and Stockholders' Equity } \\ \hline Accounts payable & $50,500 & $74,500 \\ \hline Accrued expenses & 171,500 & 198,400 \\ \hline Bonds payable & 453,600 & 191,000 \\ \hline Common stock & 2,120,800 & 1,777,500 \\ \hline \multirow[t]{2}{*}{ Retained earnings } & 558,000 & 533,300 \\ \hline & $3,354,400 & $2,774,700 \\ \hline \end{tabular} (a) Prepare a comparative balance sheet of Riverbed Company showing the percent each item is of the total assets or total liabilities and stockholders' equity. (Round percentages to 2 decimal places, e.g. 2.25\%.) \begin{tabular}{|c|c|c|c|c|c|c|} \hline \multicolumn{7}{|c|}{RIVERBEDCOMPANYComparativeBalanceSheetDecember31,2026and2025} \\ \hline \multirow[b]{2}{*}{ Assets } & \multicolumn{6}{|c|}{ December 31} \\ \hline & \multicolumn{3}{|c|}{2026} & \multicolumn{3}{|c|}{2025} \\ \hline Cash & $181,100 & & % & $272,600 & & % \\ \hline Accountsreceivable(net) & 219,700 & & % & 154,500 & & % \\ \hline Short-terminvestments & 270,300 & & % & 148,700 & & % \\ \hline Inventories & 1,068,900 & & % & 989,600 & & % \\ \hline Prepaid expenses & 24,700 & & % & 24,700 & & % \\ \hline Plant and equipment & 2,579,900 & & % & 1,939,200 & & % \\ \hline Accumulateddepreciation & (990,200) & & % & (754,600) & & % \\ \hline Total & $3,354,400 & & % & $2,774,700 & & % \\ \hline \multicolumn{7}{|c|}{ Liabilities and Stockholders' Equity } \\ \hline Accounts payable & $50,500 & & % & $74,500 & & % \\ \hline Accrued expenses & 171,500 & & % & 198,400 & & % \\ \hline Bonds payable & 453,600 & & % & 191,000 & & % \\ \hline Common stock & 2,120,800 & & % & 1,777,500 & & % \\ \hline Retained earnings & 558,000 & & % & 533,300 & & % \\ \hline Total & $3,354,400 & & % & $2,774,700 & & % \\ \hline \end{tabular}

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students