Question: Maggie s Skunk Removal Corp s 2015 income statement listed net sales
Maggie’s Skunk Removal Corp.’s 2015 income statement listed net sales = $12.5 million, gross profit of $6.9 million, EBIT = $5.6 million, net income available to common stockholders = $3.2 million, and common stock dividends = $1.2 million. The 2015 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 profit margin, gross profit margin, operating profit margin, basic earnings power, ROA ROE, and dividend payout.
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