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Exercise 4-27 (Algo) Profitability ratios [LO4-10] The following condensed information was reported by Peabody Toys, Inc., for 2021 and 2020: ($ in thousands) 2021 2020
Exercise 4-27 (Algo) Profitability ratios [LO4-10]
The following condensed information was reported by Peabody Toys, Inc., for 2021 and 2020:
($ in thousands) | |||||||
2021 | 2020 | ||||||
Income statement information | |||||||
Net sales | $ | 6,800 | $ | 5,800 | |||
Net income | 330 | 156 | |||||
Balance sheet information | |||||||
Current assets | $ | 960 | $ | 910 | |||
Property, plant, and equipment (net) | 2,540 | 2,190 | |||||
Total assets | $ | 3,500 | $ | 3,100 | |||
Current liabilities | $ | 1,680 | $ | 1,330 | |||
Long-term liabilities | 910 | 910 | |||||
Common stock | 600 | 600 | |||||
Retained earnings | 310 | 260 | |||||
Liabilities and shareholders equity | $ | 3,500 | $ | 3,100 | |||
Required:
- Determine the following ratios for 2021: (Round your percentage answers to 1 decimal place.)
- Determine the amount of dividends paid to shareholders during 2021. (Enter your answers in whole dollars, not in thousands. For example, $150,000 rather than 150.)
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