Question
The following condensed information was reported by Peabody Toys, Incorporated, for 2024 and 2023: ($ in thousands) Income statement information Net sales Net income
The following condensed information was reported by Peabody Toys, Incorporated, for 2024 and 2023: ($ in thousands) 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 2024 $ 6,100 286 $ 890 1,910 2023 $ 5,100 142 $ 840 1,560 $ 2,400 $ 2,800 $ 1,120 $ 770 840 840 600 600 240 190 $ 2,800 $ 2,400 Liabilities and shareholders' equity Required: 1. Determine the following ratios for 2024: Note: Round your percentage answers to 1 decimal place. 2. Determine the amount of dividends paid to shareholders during 2024. Note: 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 %
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