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 $ 5,300 198 $810 1,190 $ 2,000 $ 580 760 500 160 $ 2,000 2023 $ 4,300 126 $ 760 840 $ 1,600 $ 230 760 500 110 $ 1,600 Required: 1. Determine the following components of the DuPont framework for 2024: 2. Write an equation that relates these components in calculating ROE. Use the Peabody Toys data to show that the equation is correct.
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 $ 5,300 198 $810 1,190 $ 2,000 $ 580 760 500 160 $ 2,000 2023 $ 4,300 126 $ 760 840 $ 1,600 $ 230 760 500 110 $ 1,600 Required: 1. Determine the following components of the DuPont framework for 2024: 2. Write an equation that relates these components in calculating ROE. Use the Peabody Toys data to show that the equation is correct.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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