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.

1. consider a two-firm industry. firm 1 (the incumbent) chooses a level of output qı. firm 2 (the potential entrant) observes qı and then chooses its level of output q2. the demand for the product is p 100 q, where q is the total output sold by the two firms which equals qi +q2. assume that the marginal cost of each firm is zero. a) find the subgame perfect equilibrium levels of qi and q2 keeping in mind that firm 1 chooses qi first and firm 2 observes qi and chooses its q2. find the profits of the two firms-n1 and t2- in the subgame perfect equilibrium. how do these numbers differ from the cournot equilibrium? b) for what level of qi would firm 2 be deterred from entering? would a rational firm 1 have an incentive to choose this level of qi? which entry condition does this market have: blockaded, deterred, or accommodated? now suppose that firm 2 has to incur a fixed cost of entry, f> 0. c) for what values of f will entry be blockaded? d) find out the entry deterring level of q, denoted by q1', a expression for firm l's profit, when entry is deterred, as a function of f. for what values of f would firm 1 use an entry deterring strategy?