Question
Maggie's Skunk Removal Corp.'s 2018 income statement listed net sales of $14.2 million, gross profit of $9.30 million, EBIT of $7.3 million, net income available
Maggie's Skunk Removal Corp.'s 2018 income statement listed net sales of $14.2 million, gross profit of $9.30 million, EBIT of $7.3 million, net income available to common stockholders of $4.9 million, and common stock dividends of $2.9 million. The 2018 year-end balance sheet listed total assets of $54.2 million and common stockholders' equity of $22.7 million with 2.0 million shares outstanding.
Calculate the gross profit margin. (Round your answer to 2 decimal places.)
Calculate the operating profit margin. (Round your answer to 2 decimal places.)
Calculate the profit margin. (Round your answer to 2 decimal places.)
Calculate the basic earnings power. (Round your answer to 2 decimal places.)
Calculate the return on assets. (Round your answer to 2 decimal places.)
Calculate the return on equity. (Round your answer to 2 decimal places.)
Calculate the dividend payout. (Round your answer to 2 decimal places.)
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