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The following condensed information was reported by Peabody Toys, Inc., for 2021 and 2020: E 4-27 Profitability ratios L04-10 ($ in thousands) 2021 2020 $5,200
The following condensed information was reported by Peabody Toys, Inc., for 2021 and 2020: E 4-27 Profitability ratios L04-10 ($ in thousands) 2021 2020 $5,200 180 $4,200 124 Income statement information Net sales Net income Balance sheet information Current assets Property, plant, and equipment (net) Total assets Current liabilities Long-term liabilities Common stock Retained earnings Liabilities and shareholders' equity $ 800 1,100 $1,900 $ 600 750 400 $ 750 950 $1,700 $ 450 750 400 100 $1,700 150 $1,900 Required: 1. Determine the following ratios for 2021: 2. Profit margin on sales b. Return on assets c. Return on equity 2. Determine the amount of dividends paid to shareholders during 2021
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