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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 | $ | 6,500 | $ | 5,500 | |||
Net income | 450 | 150 | |||||
Balance sheet information | |||||||
Current assets | $ | 930 | $ | 880 | |||
Property, plant, and equipment (net) | 2,270 | 1,920 | |||||
Total assets | $ | 3,200 | $ | 2,800 | |||
Current liabilities | $ | 1,670 | $ | 1,390 | |||
Long-term liabilities | 880 | 880 | |||||
Common stock | 300 | 300 | |||||
Retained earnings | 350 | 230 | |||||
Liabilities and shareholders equity | $ | 3,200 | $ | 2,800 | |||
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.)
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