Answered: Maggie’s Skunk Removal Corp.’s 2021…

Name: Maggie’s Skunk Removal Corp.’s 2021 income statement listed net sales
Uploaded: 2022-11-29T14:11:17.000Z
Channel: Bartleby
Description: Maggie’s Skunk Removal Corp.’s 2021 income statement listed net sales of $12.8 million, gross profit of $7.60 million, EBIT of $5.9 million, net income available to common stockholders of $3.5 million, and common stock dividends of $1.5 million. The

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 55E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...

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Maggie’s Skunk Removal Corp.’s 2021 income statement listed net sales of $12.8 million, gross profit of $7.60 million, EBIT of $5.9 million, net income available to common stockholders of $3.5 million, and common stock dividends of $1.5 million. The 2021 year-end balance sheet listed total assets of $52.8 million and common stockholders' equity of $21.3 million with 2.0 million shares outstanding.

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.)