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 $ 910 2,190 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.) $3,100 $1,330 910 600 260 $3,100

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question
Please help me with all answers thanku
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
$3,100
Transcribed Image Text:The following condensed information was reported by Peabody Toys, Inc., for 2021 and 2020: ($ 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
Expert Solution
steps

Step by step

Solved in 6 steps

Blurred answer
Knowledge Booster
Ratio Analysis
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education