Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following condensed information was reported by Peabody Toys, Inc., for 2021 and 2020: ($ in thousands) 2021 2020 Income statement information Net sales $

The following condensed information was reported by Peabody Toys, Inc., for 2021 and 2020:

($ in thousands)
2021 2020
Income statement information
Net sales $ 6,400 $ 5,400
Net income 406 148
Balance sheet information
Current assets $ 920 $ 870
Property, plant, and equipment (net) 2,180 1,830
Total assets $ 3,100 $ 2,700
Current liabilities $ 1,500 $ 1,210
Long-term liabilities 870 870
Common stock 400 400
Retained earnings 330 220
Liabilities and shareholders equity $ 3,100 $ 2,700

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.)

rev: 01_03_2020_QC_CS-185880

Prev

Question 5 of 5 Total5 of 5

Visit question mapThis is the last question in the assignment. To submit, use Alt + S. To access other questions, proceed to the question map button.Next

Profit Margin of Sales %

Return on Asset %

Return on Equity %

Dividend paid

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

4. Label problematic uses of language and their remedies

Answered: 1 week ago