Question
( Evaluating profitability ) The Malia Corporation had sales in 2015 of $ 70 70 million, total assets of $ 46 46 million, and total
(Evaluating profitability) The Malia Corporation had sales in 2015 of $70
70 million, total assets of $46
46 million, and total liabilities of $ 23
$23 million. The interest rate on thecompany's debt is 6.1
6.1 percent and its tax rate is 30
30 percent. The operating profit margin was 12.9
12.9 percent. What were thecompany's operating income and netincome? What was the operating return on assets and return onequity? Assume that interest must be paid on all of the debt.
The operating income was $
9030000
9030000. (Round to the nearestdollar.)
The net income was $
nothing
. (Round to the nearestdollar.)
The operating return on assets was
nothing
%. (Round to one decimalplace.)
The return on equity was
nothing
%. (Round to one decimalplace.)
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