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Liquid Metals recently seported $100,000 of sales, $60,000 cost of goods sold, and $35,000 of depreciation and amortization. Ithas ouststanding $400,000 of bonds that carry

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Liquid Metals recently seported $100,000 of sales, $60,000 cost of goods sold, and $35,000 of depreciation and amortization. Ithas ouststanding $400,000 of bonds that carry a 6.3% interest rate, and its federal-plus. state income tax rate was 40%. What was the firm's operating income or [oim

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