Question
Maggies Skunk Removal Corp.s 2018 income statement listed net sales of $12.6 million, gross profit of $7.10 million, EBIT of $5.7 million, net income available
Maggies Skunk Removal Corp.s 2018 income statement listed net sales of $12.6 million, gross profit of $7.10 million, EBIT of $5.7 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 $21.1 million with 2.0 million shares outstanding. 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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