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2. (Ratio Analysis): Co. XYZ had 2009 sales of $ 65 million, total assets of $ 42 million, and total liabilities of $ 20 million.
2. (Ratio Analysis): Co. XYZ had 2009 sales of $ 65 million, total assets of $ 42 million, and total liabilities of $ 20 million. The interest rate on the firm's debt is 6% and its tax rate is 30%. The "operating profit margin" was 12%. What was the "operating income" and the "net income"? What was the operating return on assets and the return on equity? Assume that interest must be paid on all debt.
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