Question
Maggies Skunk Removal Corp.s 2021 income statement listed net sales of $13.6 million, gross profit of $8.40 million, EBIT of $6.7 million, net income available
Maggies Skunk Removal Corp.s 2021 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 2021 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 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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