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The following condensed information was reported by Peabody Toys, Incorporated, for 2024 and 2023: ($ in thousands) 2024 2023 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 $5,300 198 % % % $810 1,190 $ 2,000 $580 760 500 160 $ 2,000 $ 4,300 126 $ 760 840 $ 1,600 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. $ 230 760 500 110 $1,600

The following condensed information was reported by Peabody Toys, Incorporated, for 2024 and 2023: ($ in thousands) 2024 2023 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 $5,300 198 % % % $810 1,190 $ 2,000 $580 760 500 160 $ 2,000 $ 4,300 126 $ 760 840 $ 1,600 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. $ 230 760 500 110 $1,600

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, Incorporated, for 2024 and 2023: ($ in thousands) 2024 2023 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 $ 5,300 198 % % $ 810 1,190 $ 2,000 $ 580 760 500 160 $ 2,000 $ 4,300 126 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. $ 760 840 $ 1,600 $ 230 760 500 110 $ 1,600
Transcribed Image Text:The following condensed information was reported by Peabody Toys, Incorporated, for 2024 and 2023: ($ in thousands) 2024 2023 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 $ 5,300 198 % % $ 810 1,190 $ 2,000 $ 580 760 500 160 $ 2,000 $ 4,300 126 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. $ 760 840 $ 1,600 $ 230 760 500 110 $ 1,600
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