Maggie's Skunk Removal Corp.'s 2021 income statement listed net sales of $13.8 million, gross profit of...

 

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Maggie's Skunk Removal Corp.'s 2021 income statement listed net sales of $13.8 million, gross profit of $8.70 million, EBIT of $6.9 million, net income available to common stockholders of $4.5 million, and common stock dividends of $2.5 million. The 2021 year-end balance sheet listed total assets of $53.8 million and common stockholders' equity of $22.3 million with 2.0 million shares outstanding. Calculate the gross profit margin. (Round your answer to 2 decimal places.) Gross profit margin 63.04% Calculate the operating profit margin. (Round your answer to 2 decimal places.) Operating profit margin 50.00% Calculate the profit margin. (Round your answer to 2 decimal places.) Profit margin 32.61 % Calculate the basic earnings power. (Round your answer to 2 decimal places.) Basic earnings power 12.83 % Calculate the return on assets. (Round your answer to 2 decimal places.) Return on assets % Calculate the return on equity. (Round your answer to 2 decimal places.) Return on % equity Maggie's Skunk Removal Corp.'s 2021 income statement listed net sales of $13.8 million, gross profit of $8.70 million, EBIT of $6.9 million, net income available to common stockholders of $4.5 million, and common stock dividends of $2.5 million. The 2021 year-end balance sheet listed total assets of $53.8 million and common stockholders' equity of $22.3 million with 2.0 million shares outstanding. Calculate the gross profit margin. (Round your answer to 2 decimal places.) Gross profit margin 63.04% Calculate the operating profit margin. (Round your answer to 2 decimal places.) Operating profit margin 50.00% Calculate the profit margin. (Round your answer to 2 decimal places.) Profit margin 32.61 % Calculate the basic earnings power. (Round your answer to 2 decimal places.) Basic earnings power 12.83 % Calculate the return on assets. (Round your answer to 2 decimal places.) Return on assets % Calculate the return on equity. (Round your answer to 2 decimal places.) Return on % equity

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To calculate the requested financial ratios 1 Gross Profit Margin Gross Profit Margin Gross Profit N... View the full answer