The following condensed information was reported by Peabody Toys, Incorporated, for 2024 and 2023: ($ in thousands) 2024 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 $ 6,700 288 % % % $950 2,450 $3,400 $ 1,700 900 500 300 $ 3,400 2023 $ 5,700 154 $ 900 2,100 $3,000 $1,350 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. 900 500 250 $ 3,000 K

The following condensed information was reported by Peabody Toys, Incorporated, for 2024 and 2023: ($ in thousands) 2024 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 $ 6,700 288 % % % $950 2,450 $3,400 $ 1,700 900 500 300 $ 3,400 2023 $ 5,700 154 $ 900 2,100 $3,000 $1,350 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. 900 500 250 $ 3,000 K

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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