Question
The following condensed information was reported by Peabody Toys, Inc., for 2021 and 2020: ($ in thousands) Income statement information Net sales Net income
The following condensed information was reported by Peabody Toys, Inc., for 2021 and 2020: ($ in thousands) Income statement information Net sales Net income Balance sheet information Current assets Property, plant, and equipment (net) Total assets Current liabilities 2021 $ 6,200 324 $ 900 2,000 $ 2,900 2020 $5,200 144 $ 850 1,650 $ 2,500 $ 1,100 $ 750 Long-term liabilities 850 850 Common stock 700 700 Retained earnings 250 200 Liabilities and shareholders' equity $ 2,900 $ 2,500 Check my work 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.) 1a. Profit margin on sales 1b. Return on assets 1c. Return on equity 2. Dividends paid 5.2% % % 888
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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