Question
Maggies Skunk Removal Corp.s 2015 income statement listed net sales of $13.8 million, gross profit of $8.70 million, EBIT of $6.9 million, net income available
Maggies Skunk Removal Corp.s 2015 income statement listed net sales of $13.8 million, gross profit of $8.70 million, EBIT of $6.9 million, net income available to common stockholders of $4.5 million, and common stock dividends of $2.5 million. The 2015 year-end balance sheet listed total assets of $53.8 million and common stockholders' equity of $22.3 million with 2.0 million shares outstanding.
Calculate the return on assets. (Round your answer to 2 decimal places.)
Return on assets %
Calculate the return on equity. (Round your answer to 2 decimal places.)
Return on equity % Calculate the dividend payout. (Round your answer to 2 decimal places.)
Dividend payout %
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