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  3. maggie's skunk removal corp.'s 2018 income stateme

Maggie's Skunk Removal Corp.'s 2018 income statement listed net sales of $12.6 million, gross profit...

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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.) & Answer is complete but not entirely correct. Return on assets 13.50 % Calculate the return on equity. (Round your answer to 2 decimal places.) Answer is complete but not entirely correct. Return on equity 59.72 %

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