> Intermediate Accounting 1 - ACC X Question 7 - Chapter 4 Homewe X + https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmgh Chapter 4 Homework Saved 7 The following is a portion of the condensed income statement for Rowan, Inc., a manufacturer of plastic containers: 1.85 Net sales $2, 860,090 points Less: Cost of goods sold: Inventory, January 1 $ 670,606 Skipped Net purchases 2, 306,060 Inventory, December 31 2, 260,060 Gross profit $ 600, 060 eBook Required: 1. Determine Rowan's inventory turnover. (Round your answer to 2 decimal places.) Print Inventory turnover ratio times ReferencesIntermediate Accounting 1 - ACC X Question 8 - Chapter 4 Homewo X C https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddleware%252 Chapter 4 Homework i Saved Help 8 The following condensed information was reported by Peabody Toys, Inc., for 2021 and 2020: ($ in thousands) 1.85 2021 2020 points Income statement information Net sales $ 6, 900 $ 5,900 Skipped 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 $ 1, 660 $ 1, 310 eBook Current liabilities Long-term liabilities 920 920 Common stock 700 700 Retained earnings 320 270 Hint Liabilities and shareholders' equity $ 3, 600 $ 3, 200 Print Required: 1. Determine the following ratios for 2021: (Round your percentage answers to 1 decimal place.) In 2. Determine the amount of dividends paid to shareholders during 2021. (Enter your answers in whole dollars, not in thousands. For References example, $150,000 rather than 150.) 1a. Profit margin on sales % 1b. Return on assets % 1c. Return on equity % 2. Dividends paidIntermediate Accounting 1 - ACC x Question 5 - Chapter 4 Homewo X