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

## Question:

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.)**

**Related Book For**

## Finance Applications and Theory

ISBN: 978-0077861681

3rd edition

Authors: Marcia Cornett, Troy Adair

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