The following condensed information was reported by Peabody Toys, Inc., for 2021 and 2020: ($ in thousands) 2021 2020 Income statement information Net sales $ 6,100 $ 5,000 Net income 286 142 Balance sheet information Current assets $ 890 $ 840 Property, plant, and equipment (net) 1,910 1,500 Total assets $ 2,800 $ 2,400 Current liabilities $ 1,120 $ 770 Long-term liabilities 840 840 Common stock 600 600 Retained earnings 240 190 Liabilities and shareholders’ equity $ 2,800 $ 2,400 Required: Determine the following ratios for 2021: (Round your percentage answers to 1 decimal place.) Determine the amount of dividends paid to shareholders during 2021. (Enter your answers in whole dollars, not in thousands. For example, $150,000 rather than 150.) 1a. Profit margin on sales ________________ % 1b. Return on assets ________________% 1c. Return on equity ________________ % 2 Dividends paid ________________ %
The following condensed information was reported by Peabody Toys, Inc., for 2021 and 2020:
($ in thousands)
2021 2020
Income statement information
Net sales $ 6,100 $ 5,000
Net income 286 142
Current assets $ 890 $ 840
Property, plant, and equipment (net) 1,910 1,500
Total assets $ 2,800 $ 2,400
Current liabilities $ 1,120 $ 770
Long-term liabilities 840 840
Common stock 600 600
Liabilities and shareholders’ equity $ 2,800 $ 2,400
Required:
- Determine the following ratios for 2021: (Round your percentage answers to 1 decimal place.)
- 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 ________________ %
1b. Return on assets ________________%
1c. Return on equity ________________ %
2 Dividends paid ________________ %
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