The following condensed information was reported by Peabody Toys, Inc., for 2024 and 2023: Required: 1. Determine
Question:
The following condensed information was reported by Peabody Toys, Inc., for 2024 and 2023:
Required:
1. Determine the following ratios for 2024:
a. Profit margin on sales
b. Return on assets
c. Return on equity
2. Determine the amount of dividends paid to shareholders during 2024.
Transcribed Image Text:
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 ($ in thousands) 2024 $5,200 180 $ 800 1,100 $1,900 $ 600 750 400 150 $1,900 2023 $4,200 124 $ 750 950 $1,700 $ 450 750 400 100 $1,700
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