Question
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 $ 7,000 $ 6,000 Net income 420 160 Balance sheet information Current assets $ 980 $ 930 Property, plant, and equipment (net) 2,720 2,370 Total assets $ 3,700 $ 3,300 Current liabilities $ 1,940 $ 1,590 Long-term liabilities 930 930 Common stock 500 500 Retained earnings 330 280 Liabilities and shareholders equity $ 3,700 $ 3,300 Required: Determine the following ratios for 2024: Note: Round your percentage answers to 1 decimal place. 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.
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