The following condensed information was reported by Peabody Toys, Inc., for 2021 and 2020: ($ in thousands) 2021 2020 Income statement information Net sales $ 6,900 $ 5,900 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 Current liabilities $ 1,660 $ 1,310 Long-term liabilities 920 920 Common stock 700 700 Retained earnings 320 270 Liabilities and shareholders’ equity $ 3,600 $ 3,200 Required: Determine the following ratios for 2021: (Round your percentage answers to 1 decimal place.) 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.) 1a. Profit margin on sales 5.4 %
1b. Return on assets %
1c. Return on equity %
2. Dividends paid ?

The answers are given below.

Step-by-step explanation:

The computation is shown below:

1.a.

Profit Margin = Net Income ÷ Sales × 100

= $374 ÷ $6,900 ×100

= 5.4%

1-b:

Average Assets = (Beginning Assets + Ending Assets) ÷ 2

= ($3,200 + $3,600)  ÷ 2

= $3,400

Now  

Return on Assets = Net Income ÷ Average Assets

= $374 ÷ $3,400

= 11%

1-c

Average Equity = ($700 + $700 + $320 + $270) ÷ 2

= $995

Now  

Return on Equity = Net Income ÷  Average Equity *100

= $374 ÷ $995

= 37.59%

2:

Dividends Paid = Beginning Retained Earnings + Net Income – Ending Retained Earnings

= $270 + $374 - $320

= $324

answer: e 9, 5.75

step-by-step explanation:

step 1

find the variation ab in the x coordinate

delta x=(x2-x1)=10-> 8 units

find the variation ab  in the y coordinate 

delta y=(y2-y1)=6-> 2 units

step 2

find the coordinates point c

  x coordinate 

cx=ax+delta x*2/> cx=2+8*(2/> cx=3

  y coordinate 

cy=ay+delta y*2/> cy=4+2*(2/> cy=4.25

the coordinates of point c are (3,4.25)

step 3

find the coordinates point d

  x  coordinate 

dx=ax+delta x*4/> dx=2+8*(4/> dx=4

  y  coordinate 

dy=ay+delta y*4/> dy=4+2*(4/> dy=4.5

the coordinates of point d are (4, 4.5)

step 4

find the coordinates point e

  x  coordinate 

ex=ax+delta x*4/> ex=2+8*(6/> ex=5

  y  coordinate 

ey=ay+delta y*4/> ey=4+2*(6/> ey=4.75

the coordinates of point e are (5, 4.75)

step 5

find the coordinates point f

  x  coordinate 

fx=ax+delta x*4/> fx=2+8*(8/> fx=6

  y  coordinate 

fy=ay+delta y*4/> fy=4+2*(8/> fy=5

the coordinates of point f are (6,5)

step 6

find the coordinates point g

  x  coordinate 

gx=ax+delta x*4/> gx=2+8*(10/> gx=7

  y  coordinate 

gy=ay+delta y*4/> gy=4+2*(10/> gy=5.25

the coordinates of point g are (7,5.25)

step 7

find the coordinates point h

  x  coordinate 

hx=ax+delta x*4/> hx=2+8*(12/> hx=8

  y  coordinate 

hy=ay+delta y*4/> hy=4+2*(12/> hy=5.5

the coordinates of point h are (8,5.5)

step 8

find the coordinates point i

  x  coordinate 

ix=ax+delta x*4/> ix=2+8*(14/> ix=9

  y  coordinate 

iy=ay+delta y*4/> iy=4+2*(14/> iy=5.75

the coordinates of point i are (9,5.75)

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