Exercise $4-28($Algo$)$ DuPont analysis $[$LO$4-10]$

The following condensed information was reported by Peabody Toys, Incorporated, for $2024$ and $2023$:

$($$ in thousands$)$

$20242023$

Income statement information

Net sales $ $6,300$ $ $5,300$

Net income $364146$

Balance sheet information

Current assets $ $910$ $ $860$

Property, plant, and equipment $($net$)2,0901,740$

Total assets $ $3,000$ $ $2,600$

Current liabilities $ $1,560$ $ $1,230$

Long$-$term liabilities $860860$

Common stock $300300$

Retained earnings $280210$

Liabilities and shareholders$$ equity $ $3,000$ $ $2,600$

Required:

Determine the following components of the DuPont framework for $2024$:

Write an equation that relates these components in calculating ROE. Use the Peabody Toys data to show that the equation is correct.