Transcribed Image Text
?(Evaluating profitability?) The Malia Corporation had sales in2015 of $63 ?million, total assets of $45 million, and totalliabilities of $25 million. The interest rate on the? company'sdebt is6.4 percent and its tax rate is 30 percent. The operating profitmargin was 12.1 percent. What were the? company's operating incomeand net? income? What was the operating return on assets and returnon? equity? Assume that interest must be paid on all of thedebt.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?
Other questions asked by students
Electrical Engineering
Accounting
Q
There are different tools for analyzing the financial statements of a company, such as horizontal...
Accounting
Accounting