Exercise 4-27 (Algo) Profitability ratios [LO4-10] The following condensed information was reported by Peabody Toys, Incorporated, for 2024 and 2023: Income statement information Net sales Net income Balance sheet information Current assets Property, plant, and equipment (net) Total assets Current liabilities Long-term liabilities Retained earnings Common stock ($ in thousands) 2024 2023 $ 6,600 248 $ 940 2,360 $ 5,600 152 $ 890 2,010 $ 3,300 $ 2,900 $ 1,720 $ 1,370 890 890 400 400 290 240 $ 3,300 $ 2,900 Liabilities and shareholders' equity Required: 1. Determine the following ratios for 2024: Note: Round your percentage answers to 1 decimal place. 2. Determine the amount of dividends paid to shareholders during 2024. Note: Enter your answers in whole dollars, not in thousands. For example, $150,000 rather than 150. 1a. Profit margin on sales 1b. Return on assets 3.8 % 7.5 % 1c. Return on equity 2. Dividends paid %