Business, 27.03.2021 01:10 lilfofo9

The following condensed information was reported by Peabody Toys, Inc., for 2018 and 2017: ($ in thousands)
2018 2017
Income statement information
Net sales $5,200 $4,200
Net income 180 124
Balance sheet information
Current assets $ 800 $ 750
Property, plant, and equipment (net) 1,100 950
Total assets $1,900 $1,700
Current liabilities $ 600 $ 450
Long-term liabilities 750 750
Paid-in capital 400 400
Retained earnings 150 100
Liabilities and shareholders’ equity $1,900 $1,700
Required:
1. Determine the following ratios for 2018:
a. Profit margin on sales
b. Return on assets
c. Return on shareholders’ equity
2. Determine the amount of dividends paid to shareholders during 2018.

Answers: 3

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The following condensed information was reported by Peabody Toys, Inc., for 2018 and 2017: ($ in th...

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