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Maggie's Skunk Removal Corp.'s 2018 income statement listed net sales of $13.6 million, gross profit of $8.40 million, EBIT of $6.7 million, net income available
Maggie's Skunk Removal Corp.'s 2018 income statement listed net sales of $13.6 million, gross profit of $8.40 million, EBIT of $6.7 million, net income available to common stockholders of $4.3 million, and common stock dividends of $2.3 million. The 2018 year-end balance sheet listed total assets of $53.6 million and common stockholders' equity of $22.1 million with 2.0 million shares outstanding. Calculate the gross profit margin. (Round your answer to 2 decimal places.) * Answer is complete but not entirely correct. Gross profit 6.20 % margin Calculate the operating profit margin. (Round your answer to 2 decimal places.) * Answer is complete but not entirely correct. Operating profit margin 32.00 % Calculate the profit margin. (Round your answer to 2 decimal places.) X Answer is complete but not entirely correct. Profit margin 32.00 % Calculate the basic earnings power. (Round your answer to 2 decimal places.) Answer is complete but not entirely correct. Basic earnings 13.00 % 1.5 points power Calculate the return on assets. (Round your answer to 2 decimal places.) Retum 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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