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 Net income $6,800 330 $5,800 156 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: 1. Determine the following ratios for 2021: (Round your percentage answers to 1 decimal place.) 2. 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.) Answer is complete but not entirely correct. 1a. Profit margin on sales 1b. Return on assets 1c. Return on equity 2. Dividends paid 4.9 % 10.0 % 31.0 % $ 280,000