
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Transcribed Image Text:The following condensed information was reported by Peabody Toys, Inc., for 2021 and 2020:
($ in thousands)
2021
2020
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
$6,800
330
%
%
%
$ 960
2,540
$3,500
$1,680
910
600
310
$3,500
$5,800
156
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.)
$ 910
2,190
$3,100
$1,330
910
600
260
$3,100
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