The following condensed information was reported by Peabody Toys, Inc., for 2021 and 2020:($ in thousands)20212020Income statement informationNet sales$7,000 $6,000420Net income160Balance sheet informationCurrent assetsProperty, plant, and equipment (net)Total assets$ 9802,7202,370$ 3, 700$ 3, 300$1,940 $1,590930Current liabilitiesLong-term liabilitiesCommon stock930500330930500280Retained earningsLiabilities and shareholders' equity$ 3,300$ 3,700$Required:1. Determine the following ratios for 2021: (Round your percentage answers to 1 decimal place.)2. Determine the amount of dividends paid to shareholders during 2021. (Enter your answers in whole dollars, not in thousands. Forexample, $150,000 rather than 150.)%1a. Profit margin on sales16. Return on assets1c. Return on equity2. Dividends paid

Ratio analysis is a tool that establishes a relationship between the different items. It is used to…

(S in thousands) 2020 2021 Income statement information $7,000 420 $ 6,000 160 Net sales Net income Balance sheet information 980 2,720 $ 3,700 $ 3, 300 $1,590 Current assets 930 Property, plant, and equipment (net) 2,370 Total assets Current liabilities Long-term liabilities Common stock Retained earnings Liabilities and shareholders' equity $1,940 930 s00 330 930 500 280 $ 3,700 $ 3,300 Required: 1. Determine the following ratios for 2021: (Round your percentage answers to 1 decimal place.) 2. Determine the amount of dividends paid to shareholders during 2021. (Enter your answers in whole dollars, not in thousands. For example, $150,000 rather than 150.) 1a Profit margin on sales 16. Return on assets 1c. Return on equity %6 2. Dividends paid

(S in thousands) 2020 2021 Income statement information $7,000 420 $ 6,000 160 Net sales Net income Balance sheet information 980 2,720 $ 3,700 $ 3, 300 $1,590 Current assets 930 Property, plant, and equipment (net) 2,370 Total assets Current liabilities Long-term liabilities Common stock Retained earnings Liabilities and shareholders' equity $1,940 930 s00 330 930 500 280 $ 3,700 $ 3,300 Required: 1. Determine the following ratios for 2021: (Round your percentage answers to 1 decimal place.) 2. Determine the amount of dividends paid to shareholders during 2021. (Enter your answers in whole dollars, not in thousands. For example, $150,000 rather than 150.) 1a Profit margin on sales 16. Return on assets 1c. Return on equity %6 2. Dividends paid

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Question

The following condensed information was reported by Peabody Toys, Inc., for 2021 and 2020:
($ in thousands)
2021
2020
Income statement information
Net sales
$7,000 $6,000
420
Net income
160
Balance sheet information
Current assets
Property, plant, and equipment (net)
Total assets
$ 980
2,720
2,370
$ 3, 700
$ 3, 300
$1,940 $1,590
930
Current liabilities
Long-term liabilities
Common stock
930
500
330
930
500
280
Retained earnings
Liabilities and shareholders' equity
$ 3,300
$ 3,700
$
Required:
1. Determine the following ratios for 2021: (Round your percentage answers to 1 decimal place.)
2. Determine the amount of dividends paid to shareholders during 2021. (Enter your answers in whole dollars, not in thousands. For
example, $150,000 rather than 150.)
%
1a. Profit margin on sales
16. Return on assets
1c. Return on equity
2. Dividends paid

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