The malia corporation had sales in 2015 of $63 million, total assets of $48 million, and total liabilities of $ 18 million. the interest rate on the company's debt is 6.1 percent and its tax rate is 30 percent. the operating profit margin was 12.2 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. the operating income was

Mae jong corp. issues $1,000,000 of 10% bonds payable which may be converted into 10,000 shares of $2 par value ordinary shares. the market rate of interest on similar bonds is 12%. interest is payable annually on december 31, and the bonds were issued for total proceeds of $1,000,000. in accounting for these bonds, mae jong corp. will: (a) first assign a value to the equity component, then determine the liability component. (b) assign no value to the equity component since the conversion privilege is not separable from the bond.(c) first assign a value to the liability component based on the face amount of the bond.(d) use the “with-and-without” method to value the compound instrument.