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Maggie's Skunk Removal Corp's 2021 income statement listed net sales of $12.5 million, gross profit of $6.9 million, EBIT of $5.6 million, net income available
Maggie's Skunk Removal Corp's 2021 income statement listed net sales of $12.5 million, gross profit of $6.9 million, EBIT of $5.6 million, net income available to common stockholders of $3.2 million, and common stock dividends of $1.2 million. The 2021 year-end balance sheet listed total assets of $52.5 million and common stockholders' equity of $21 million with 2 million shares outstanding. Calculate the gross profit margin. (Round your answer to 2 decimal places.) Gross profit margin Calculate the operating profit margin. (Round your answer to 2 decimal places.) Operating profit margin % Calculate the profit margin. (Round your answer to 2 decimal places.) Profit margin Calculate the basic earnings power. (Round your answer to 2 decimal places.)
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