Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Income statement information Net sales $ 6,600 $ 5,600 Net income 248 152 Balance sheet information Current assets $ 940 $ 890 Property, plant, and
Income statement information | |||||||
Net sales | $ | 6,600 | $ | 5,600 | |||
Net income | 248 | 152 | |||||
Balance sheet information | |||||||
Current assets | $ | 940 | $ | 890 | |||
Property, plant, and equipment (net) | 2,360 | 2,010 | |||||
Total assets | $ | 3,300 | $ | 2,900 | |||
Current liabilities | $ | 1,720 | $ | 1,370 | |||
Long-term liabilities | 890 | 890 | |||||
Common stock | 400 | 400 | |||||
Retained earnings | 290 | 240 | |||||
Liabilities and shareholders equity | $ | 3,300 | $ | 2,900 | |||
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.)
Answer is not complete.
|
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started