Maggie’s Skunk Removal Corp.’s 2018 income statement listed net sales of $14.1 million, gross profit of...

Maggie’s Skunk Removal Corp.’s 2018 income statement listed net sales of $14.1 million, gross profit of $9.00 million, EBIT of $7.2 million, net income available to common stockholders of $4.8 million, and common stock dividends of $2.8 million. The 2018 year-end balance sheet listed total assets of $54.1 million and common stockholders' equity of $22.6 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 Solution

jeff jeffy answered 3 months ago

Maggie’s Skunk Removal Corp.’s 2018 income statement listed net sales of $13.8 million, gross profit of...

Maggie’s Skunk Removal Corp.’s 2018 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 2018 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. 1) Calculate the gross profit margin. (Round your answer to 2 decimal places.) 2) Calculate the operating profit margin....

Maggie’s Skunk Removal Corp.’s 2018 income statement listed net sales of $12.5 million, gross profit of...

Maggie’s Skunk Removal Corp.’s 2018 income statement listed net sales of $12.5 million, gross profit of $6.9 million, EBIT of $5.6 million, net income available to common stockholders of $3.2 million, and common stock dividends of $1.2 million. The 2018 year-end balance sheet listed total assets of $52.5 million and common stockholders’ equity of $21 million with 2 million shares outstanding. Calculate the gross profit margin. (Round your answer to 2 decimal places.) Calculate the operating profit margin. (Round your...

Maggie’s Skunk Removal Corp.’s 2021 income statement listed net sales of $12.6 million, gross profit of...

Maggie’s Skunk Removal Corp.’s 2021 income statement listed net sales of $12.6 million, gross profit of $7.10 million, EBIT of $5.7 million, net income available to common stockholders of $3.3 million, and common stock dividends of $1.3 million. The 2021 year-end balance sheet listed total assets of $52.6 million and common stockholders' equity of $21.1 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...

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Maggie’s Skunk Removal Corp.’s 2018 income statement listed net sales of $12.6 million, gross profit of $7.10 million, EBIT of $5.7 million, net income available to common stockholders of $3.3 million, and common stock dividends of $1.3 million. The 2018 year-end balance sheet listed total assets of $52.6 million and common stockholders' equity of $21.1 million with 2.0 million shares outstanding.Calculate the return on assets. (Round your answer to 2 decimal places.) Calculate the return on equity. (Round your answer...

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Profit and Loss Statement 2018 Revenue 34,290 percent of growth 0.0% Gross Profit 34,290 Gross Margin...

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