The following condensed information was reported by Peabody Toys, Inc., for 2021 and 2020: ($ in thousands) 2021 2020 Income statement information Net sales $ 6,900 $ 5,900 Net income 374 158 Balance sheet information Current assets $ 970 $ 920 Property, plant, and equipment (net) 2,630 2,280 Total assets $ 3,600 $ 3,200 Current liabilities $ 1,660 $ 1,310 Long-term liabilities 920 920 Common stock 700 700 Retained earnings 320 270 Liabilities and shareholders’ equity $ 3,600 $ 3,200 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 5.4 %
1b. Return on assets %
1c. Return on equity %
2. Dividends paid ?

Question

06-06-2021
Mathematics

Answered

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The following condensed information was reported by Peabody Toys, Inc., for 2021 and 2020: ($ in thousands) 2021 2020 Income statement information Net sales $ 6,900 $ 5,900 Net income 374 158 Balance sheet information Current assets $ 970 $ 920 Property, plant, and equipment (net) 2,630 2,280 Total assets $ 3,600 $ 3,200 Current liabilities $ 1,660 $ 1,310 Long-term liabilities 920 920 Common stock 700 700 Retained earnings 320 270 Liabilities and shareholders’ equity $ 3,600 $ 3,200 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 5.4 %
1b. Return on assets %
1c. Return on equity %
2. Dividends paid ?

Sagot :

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