Titabllity ratios (LO4-1oj The following condensed information was reported by Peabody Toys, Inc., for 2021 and 2020: ($ in thousands) 2021 2020 Income statement information Net sales $5,400 $4,400 Net income 228 128 Balance sheet information Current assets 2$ 820 770 Property, plant, and equipment (net) 1,280 930 Total assets $2,100 $1,700 Current liabilities $ 560 $ 210 Long-term liabilities 770 770 Common stock 600 600 Retained earnings 170 120 Liabilities and shareholders' equity $2,100 $1,700 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.) 1a. Profit margin on sales 4.2 O % 1b Return on assets 10.0 % 1c. Return on equity 30.6 O % 2. Dividends paid $ 280,000

Titabllity ratios (LO4-1oj The following condensed information was reported by Peabody Toys, Inc., for 2021 and 2020: ($ in thousands) 2021 2020 Income statement information Net sales $5,400 $4,400 Net income 228 128 Balance sheet information Current assets 2$ 820 770 Property, plant, and equipment (net) 1,280 930 Total assets $2,100 $1,700 Current liabilities $ 560 $ 210 Long-term liabilities 770 770 Common stock 600 600 Retained earnings 170 120 Liabilities and shareholders' equity $2,100 $1,700 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.) 1a. Profit margin on sales 4.2 O % 1b Return on assets 10.0 % 1c. Return on equity 30.6 O % 2. Dividends paid $ 280,000

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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