Problem $3-6$ Profitability Ratios $($LG$3-4)$

Maggie's Skunk Removal Corporation's income statement listed net sales of $$13\mathrm{.}4$ million, gross profit of $$8\mathrm{.}80$ million, EBIT of $$6\mathrm{.}5$ million, net income available to common stockholders of $$4\mathrm{.}1$ million, and common stock dividends of $$2\mathrm{.}1$ million. The year$-$end balance sheet listed total assets of $$53\mathrm{.}4$ million and common stockholders' equity of $$21\mathrm{.}9$ million with $2\mathrm{.}0$ million shares outstanding.

Calculate the gross profit margin.

Calculate the operating profit margin.

Calculate the profit margin.

Calculate the basic earnings power.

Calculate the return on assets.

Calculate the return on equity.

Calculate the dividend payout.

Note: Round your answers to $2$ decimal places.

Answer is complete but not entirely correct.

$\backslash$table$[[$Gross profit margin,$65\mathrm{.}67,\%$