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Maggies Skunk Removal Corp.s 2021 income statement listed net sales of $13.1 million, gross profit of $7.40 million, EBIT of

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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.)

 


Expert Answer:

Answer rating: 100% (QA)

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 View the full answer


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Related Book For  answer-question
Finance Applications and Theory

Finance Applications and Theory

ISBN: 978-0077861681

3rd edition

Authors: Marcia Cornett, Troy Adair

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Posted Date: August 25, 2023 11:01:20
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