Problem $3-7$ Profitability Ratios $($LG$3-4)$

Maggie's Skunk Removal Corp's $2021$ income statement listed net sales of $$14\mathrm{.}4$ million, gross profit of $$9\mathrm{.}40$ million, EBIT of $$7\mathrm{.}5$ million, net income available to common stockholders of $$5\mathrm{.}1$ million, and common stock dividends of $$3\mathrm{.}1$ million. The $2021$ year$-$end balance sheet listed total assets of $$54\mathrm{.}4$ million and common stockholders' equity of $$22\mathrm{.}9$ million with $20$ million shares outstanding.

Calculate the gross profit margin. $($Round your answer to $2$ decimal places.$)$

Gross profit margin

$1\%\%$

Calculate the operating profit margin. $($Round your answer to $2$ decimal places.$)$

Operating profit margin

$\%$

Calculate the profit margin. $($Round your answer to $2$ decimal places.$)$

Calculate the basic earnings power. $($Round your answer to $2$ decimal places.$)$

Basic earnings power

$\%$