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Exercise 4-27 (Algo) Profitability ratios [LO4-10] The following condensed information was reported by Peabody Toys, Incorporated, for 2024 and 2023: ($ in thousands) 2024 2023 $ 6,100 162 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 1a. Profit margin on sales 1b. Return on assets 1c. Return on equity 2. Dividends paid $ 7,100 468 % % % $ 990 2,810 $ 3,800 $ 2,160 940 300 400 $ 3,800 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. $940 2,460 $3,400 $ 1,870 940 300 290 $ 3,400

Exercise 4-27 (Algo) Profitability ratios [LO4-10] The following condensed information was reported by Peabody Toys, Incorporated, for 2024 and 2023: ($ in thousands) 2024 2023 $ 6,100 162 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 1a. Profit margin on sales 1b. Return on assets 1c. Return on equity 2. Dividends paid $ 7,100 468 % % % $ 990 2,810 $ 3,800 $ 2,160 940 300 400 $ 3,800 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. $940 2,460 $3,400 $ 1,870 940 300 290 $ 3,400

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Exercise 4-27 (Algo) Profitability ratios [LO4-10] The following condensed information was reported by Peabody Toys, Incorporated, for 2024 and 2023: ($ in thousands) 2024 2023 $ 6,100 162 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 1a. Profit margin on sales 1b. Return on assets 1c. Return on equity 2. Dividends paid $ 7,100 468 % % % $ 990 2,810 $ 3,800 $ 2,160 940 300 400 $ 3,800 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. $940 2,460 $3,400 $ 1,870 940 300 290 $ 3,400
Transcribed Image Text:Exercise 4-27 (Algo) Profitability ratios [LO4-10] The following condensed information was reported by Peabody Toys, Incorporated, for 2024 and 2023: ($ in thousands) 2024 2023 $ 6,100 162 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 1a. Profit margin on sales 1b. Return on assets 1c. Return on equity 2. Dividends paid $ 7,100 468 % % % $ 990 2,810 $ 3,800 $ 2,160 940 300 400 $ 3,800 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. $940 2,460 $3,400 $ 1,870 940 300 290 $ 3,400
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