The following condensed information was reported by Peabody Toys, Inc., for 2018 and 2017: ($ in 000s)

2018 2017
Income statement information:
Net sales $ 5,500 $ 4,500
Net income 260 130
Balance sheet information:
Current assets $ 830 $ 780
Property, plant, and equipment (net) 1,370 1,020
Total assets $ 2,200 $ 1,800
Current liabilities $ 540 $ 190
Long-term liabilities 780 780
Paid-in capital 700 700
Retained earnings 180 130
Liabilities and shareholders' equity $ 2,200 $ 1,800
Required:

1. Determine the following ratios for 2018: (Round your percentage answers to 1 decimal place.)

2. Determine the amount of dividends paid to shareholders during 2018. (Enter your answer in dollars.)

3. Determine (1) profit margin on sales, (2) return on assets, (3) return on shareholders equity, (4) dividends paid.

Savvy sightseeing had beginning equity of $90,000; revenues of $144,000, expenses of $83,000, and dividends to stockholders of $10,800. there were no stockholder investments during the year. calculate ending equity.

1tanner invested $135,000 cash along with office equipment valued at $32,400 in the company in exchange for common stock. 2 the company prepaid $7,200 cash for 12 months’ rent for office space. (hint: debit prepaid rent for $7,200.) 3 the company made credit purchases for $16,200 in office equipment and $3,240 in office supplies. payment is due within 10 days. 6 the company completed services for a client and immediately received $2,000 cash. 9 the company completed a $10,800 project for a client, who must pay within 30 days. 13 the company paid $19,440 cash to settle the account payable created on april 3. 19 the company paid $6,000 cash for the premium on a 12-month insurance policy. (hint: debit prepaid insurance for $6,000.) 22 the company received $8,640 cash as partial payment for the work completed on april 9. 25 the company completed work for another client for $2,640 on credit. 28 the company paid $6,200 cash in dividends. 29 the company purchased $1,080 of additional office supplies on credit. 30 the company paid $700 cash for this month’s utility bill. prepare general journal entries to record these transactions. 2. post the journal entries from part 1 to the ledger accounts.

Lindon company is the exclusive distributor for an automotive product that sells for $30.00 per unit and has a cm ratio of 30%. the company’s fixed expenses are $162,000 per year. the company plans to sell 20,200 units this year. required: 1. what are the variable expenses per unit? (round your "per unit" answer to 2 decimal places.) 2. what is the break-even point in unit sales and in dollar sales? 3. what amount of unit sales and dollar sales is required to attain a target profit of $72,000 per year? 4. assume that by using a more efficient shipper, the company is able to reduce its variable expenses by $3.00 per unit. what is the company’s new break-even point in unit sales and in dollar sales? what dollar sales is required to attain a target profit of $72,000?