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