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The following condensed information was reported by a company for the current year and the previous year: ($ in thousands) Current Year Previous Year Income

The following condensed information was reported by a company for the current year and the previous year:

($ in thousands)
Current Year Previous Year
Income statement information
Net sales $ 5,400 $ 4,400
Net income 228 128
Balance sheet information
Current assets $ 820 $ 770
Property, plant, and equipment (net) 1,280 930
Total assets $ 2,100 $ 1,700
Current liabilities $ 560 $ 210
Long-term liabilities 770 770
Common stock 600 600
Retained earnings 170 120
Liabilities and shareholders equity $ 2,100 $ 1,700

Required:

  1. Determine the following ratios for the current year:

Note: Round your percentage answers to 1 decimal place.

  1. Determine the amount of dividends paid to shareholders during the current year.

Note: Enter your answers in whole dollars, not in thousands. For example, $150,000 rather than 150.

image text in transcribed \begin{tabular}{|l|l|l|} \hline 1a. Profit margin on sales & & % \\ \hline 1b. Return on assets & & % \\ \hline 1c. Return on equity & & % \\ \hline 2. Dividends paid & & \\ \hline \end{tabular}

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