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​(Evaluating profitability​) The Malia Corporation had sales in 2015 of $63 ​million, total assets of $45...

​(Evaluating profitability​) The Malia Corporation had sales in 2015 of $63 ​million, total assets of $45 million, and total liabilities of $25 million. The interest rate on the​ company's debt is

6.4 percent and its tax rate is 30 percent. The operating profit margin was 12.1 percent. What were the​ company's operating income and net​ income? What was the operating return on assets and return on​ equity? Assume that interest must be paid on all of the debt.

a. What was the operating income?

b. What was the net income?

c. What was the operating return on assets?

d. what was the return on equity?

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Expert Solution

SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE

jeff jeffy answered 11 months ago
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