Question
Maggies Skunk Removal Corp.s 2015 income statement listed net sales of $14.3 million, gross profit of $9.50 million, EBIT of $7.4 million, net income available
Maggies Skunk Removal Corp.s 2015 income statement listed net sales of $14.3 million, gross profit of $9.50 million, EBIT of $7.4 million, net income available to common stockholders of $5.0 million, and common stock dividends of $3.0 million. The 2015 year-end balance sheet listed total assets of $54.3 million and common stockholders' equity of $22.8 million with 2.0 million shares outstanding. Calculate the profit margin. (Round your answer to 2 decimal places.) Profit margin % Calculate the profit margin. (Round your answer to 2 decimal places.) Gross profit margin % Calculate the profit margin. (Round your answer to 2 decimal places.) Operating profit margin % Calculate the basic earnings power. (Round your answer to 2 decimal places.) Basic earnings power % 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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