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The following condensed information was reported by Peabody Toys, Incorporated, for 2024 and 2023: ($ in thousands) 2024 2023 Income statement information Net sales $
The following condensed information was reported by Peabody Toys, Incorporated, for 2024 and 2023:
($ in thousands) | ||
---|---|---|
2024 | 2023 | |
Income statement information | ||
Net sales | $ 6,000 | $ 5,000 |
Net income | 250 | 140 |
Balance sheet information | ||
Current assets | $ 880 | $ 830 |
Property, plant, and equipment (net) | 1,820 | 1,470 |
Total assets | $ 2,700 | $ 2,300 |
Current liabilities | $ 1,140 | $ 790 |
Long-term liabilities | 830 | 830 |
Common stock | 500 | 500 |
Retained earnings | 230 | 180 |
Liabilities and shareholders equity | $ 2,700 | $ 2,300 |
Required:
Determine the following components of the DuPont framework for 2024:
Write an equation that relates these components in calculating ROE. Use the Peabody Toys data to show that the equation is correct.
Complete this question by entering your answers in the tabs below. Write an equation that relates these components in calculating ROE. Use the Peabody Toys data to show that the equation correct. Note: Round your answers to 2 decimal places. Determine the following components of the DuPont framework for 2024
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