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New Mexico Lumber recently reported that its earnings per share were $1 .00. The company has 500,000 shares of stock outstanding. The company's interest expense

New Mexico Lumber recently reported that its earnings per share were $1 .00. The company has 500,000 shares of stock outstanding. The company's interest expense was $ 300,000. The corporate tax rate is 40 percent. What was the company's operating income (EBIT)? Round it to a whole dollar, and do not include the dollar sign.

A firm has a profit margin of 21 percent on sales of $20,000,000. If the firm has debt of $7,500,000, total assets of $23,000,000, and an after-tax interest cost on total debt of 5 percent, what is the firm's ROA? Express your answer in percentage (without the % sign) and round it to two decimal places, 15.67, for exapmle.

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