Question
Maggies Skunk Removal Corp.s 2021 income statement listed net sales of $13.1 million, gross profit of $7.40 million, EBIT of $6.2 million, net income available
Maggie’s Skunk Removal Corp.’s 2021 income statement listed net sales of $13.1 million, gross profit of $7.40 million, EBIT of $6.2 million, net income available to common stockholders of $3.8 million, and common stock dividends of $1.8 million. The 2021 year-end balance sheet listed total assets of $53.1 million and common stockholders' equity of $21.6 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.)
Step by Step Solution
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Step: 1
1 The gross profit margin is calculated by dividing the gross profit by the net sales and then multiplying by 100 to express it as a percentage In thi...Get Instant Access to Expert-Tailored Solutions
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Step: 2
Step: 3
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