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Maggie's Skunk Removal Corp's 2018 income statement listed net sales of $12.6 million, gross profit of $710 million, EBIT of $57 million, net income available
Maggie's Skunk Removal Corp's 2018 income statement listed net sales of $12.6 million, gross profit of $710 million, EBIT of $57 million, net income available to common stockholders of $3.3 million, and common stock dividends of $1.3 million. The 2018 year-end balance sheet listed total assets of $52.6 million and common stockholders' equity of $211 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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