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Mary Jones Inc. reported $179 million in operating income for the year ended December 31, 2011. This income included a gain from the sale of

Mary Jones Inc. reported $179 million in operating income for the year ended December 31, 2011. This income included a gain from the sale of the Mary Jones family of brands to AR Samuels for a total of $285 million. At the time of disposal, the brands had a book value of zero because they had been developed in-house by Mary Jones. Shortly after the sale, in January 2012, the company changed its name to the Evergreen & Florence Companies to reflect the sale of its Mary Jones brands. For the year ended December 28, 2013, Evergreen & Florence reported an operating income of $90.9 million, after deducting the following asset impairment losses: Juicy Couture brand impairment loss $2.9 million Loss due to impairment of the TRIFARI 4 brand, 6 million Mexx impairment loss 6.6 million Total impairment losses $14.1 million a. Determine the profit per sale that Mary Jones reported in 2011 when she divested her brands. (Enter your answer in millions.)

Juicy Couture brand impairment lossps2.9million
Loss due to impairment of the TRIFARI brand4.6million
Mexx impairment loss6.6million
Total impairment lossesps14.1million

a.Determine the profit per sale that Mary Jones reported in 2011 when she divested her brands. (Enter your answer in millions.)

b.

What would have been the company's operating income (loss) for this year if it had not sold its Mary Jones brands? (Enter your answer in millions.)

C.

Determine the operating income that Evergreen & Florence would have reported in 2013 if its impairment losses had been zero. (Enter your answer in millions.)

d.

What percentage of operating income (before impairment) did the 2013 impairment losses represent? (Round percentage values to 1 decimal place.)

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