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 ($ in thousands) 2024 4.7 % 11.0 % 35.1 % $ 6,100 286 $ 890 1,910 $ 2,800 $ 1,120 840 бее 240 $ 2,800 2023 $ 5,100 142 $ 840 1,560 $ 2,400 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 $ 779 840 600 198 $ 2,400

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 ($ in thousands) 2024 4.7 % 11.0 % 35.1 % $ 6,100 286 $ 890 1,910 $ 2,800 $ 1,120 840 бее 240 $ 2,800 2023 $ 5,100 142 $ 840 1,560 $ 2,400 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 $ 779 840 600 198 $ 2,400

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter24: Analysis Of Financial Statements

Section: Chapter Questions

Problem 3SEB

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