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The following condensed information was reported by Peabody Toys, Incorporated, for 2024 and 2023: ($ in thousands) 2024 2023 Net sales Income statement information
The following condensed information was reported by Peabody Toys, Incorporated, for 2024 and 2023: ($ in thousands) 2024 2023 Net sales Income statement information Net income Balance sheet information Current assets Property, plant, and equipment (net) Total assets Current liabilities Long-term liabilities $ 6,600 248 $ 940 2,360 $5,600 152 $ 3,300 $ 890 2,010 $ 2,900 $ 1,720 890 $ 1,370 890 Common stock 400 400 Retained earnings 290 240 Liabilities and shareholders' equity $3,300 $ 2,900 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 3.8% 1b. Return on assets 8.0 % 1c. Return on equity 37.3 % 2. Dividends paid $ 198
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