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The following condensed information was reported by Peabody Toys, Inc., for 2021 and 2020: ($ in thousands) 2021 2020 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 $ 6,200 324 % % % $ 900 2,000 $ 2,900 $ 1,100 850 700 250 $ 2,900 $ 5,200 144 $ 850 1,650 $ 2,500 750 850 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.) 700 200 $ 2,500

The following condensed information was reported by Peabody Toys, Inc., for 2021 and 2020: ($ in thousands) 2021 2020 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 $ 6,200 324 % % % $ 900 2,000 $ 2,900 $ 1,100 850 700 250 $ 2,900 $ 5,200 144 $ 850 1,650 $ 2,500 750 850 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.) 700 200 $ 2,500

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The following condensed information was reported by Peabody Toys, Inc., for 2021 and 2020: ($ in thousands) 2021 2020 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 $ 6,200 324 % % % $ 900 2,000 $ 2,900 $ 1,100 850 700 250 $ 2,900 $ 5,200 144 $ 850 1,650 $ 2,500 750 850 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.) 700 200 $ 2,500
Transcribed Image Text:The following condensed information was reported by Peabody Toys, Inc., for 2021 and 2020: ($ in thousands) 2021 2020 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 $ 6,200 324 % % % $ 900 2,000 $ 2,900 $ 1,100 850 700 250 $ 2,900 $ 5,200 144 $ 850 1,650 $ 2,500 750 850 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.) 700 200 $ 2,500
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