The following condensed information was reported by Peabody Toys, Inc., for 2018 and 2017: Required: 1. Determine
Question:
The following condensed information was reported by Peabody Toys, Inc., for 2018 and 2017:
Required:
1. Determine the following ratios for 2018:
a. Profit margin on sales
b. Return on assets
c. Return on shareholders' equity
2. Determine the amount of dividends paid to shareholders during 2018.
Transcribed Image Text:
($ in thousands) 2017 Income statement Information Net sales Net income Balance sheet Information Current assets Property, plant, and equipment (net) $4,200 124 $5,200 $ 750 950 $1.700 $ 450 750 $ 800 $1,900 $ 600 Total assets Current liabilities Paid-in capital Retained earnings 100 Liabilities and shareholders' equity $1,900 $1.700
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Requirement 1 a Profit margin on sales 180 5200 35 b Return on assets 180 1900 1700 2 1...View the full answer
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Related Book For
Intermediate Accounting
ISBN: 9781259722660
9th Edition
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
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