Question: What is the basic earning power? Maggies Skunk Removal Corp.s 2021 income statement listed net sales of $13.9 million, gross profit of $9.20 million, EBIT

What is the basic earning power? Maggies Skunk Removal Corp.s 2021 income statement listed net sales of $13.9 million, gross profit of $9.20 million, EBIT of $7.0 million, net income available to common stockholders of $4.6 million, and common stock dividends of $2.6 million. The 2021 year-end balance sheet listed total assets of $53.9 million and common stockholders' equity of $22.4 million with 2.0 million shares outstanding. (Round your answer to 2 decimal places.)

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