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The following condensed information was reported by Peabody Toys, Inc., for 2018 and 2017: ($ in 000s) 2018 2017 Income statement information Net sales $
The following condensed information was reported by Peabody Toys, Inc., for 2018 and 2017:
($ in 000s) | |||||||
2018 | 2017 | ||||||
Income statement information | |||||||
Net sales | $ | 6,100 | $ | 5,100 | |||
Net income | 286 | 142 | |||||
Balance sheet information | |||||||
Current assets | $ | 890 | $ | 840 | |||
Property, plant, and equipment (net) | 1,910 | 1,560 | |||||
Total assets | $ | 2,800 | $ | 2,400 | |||
Current liabilities | $ | 1,120 | $ | 770 | |||
Long-term liabilities | 840 | 840 | |||||
Paid-in capital | 600 | 600 | |||||
Retained earnings | 240 | 190 | |||||
Liabilities and shareholders equity | $ | 2,800 | $ | 2,400 | |||
Required: 1. Determine the following ratios for 2018: (Round your percentage answers to 1 decimal place.) 2. Determine the amount of dividends paid to shareholders during 2018. (Enter your answer in dollars.)
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