The malia corporation had sales in 2015 of $62 million, total assets of $50 million, and total liabilities of $ 21 million. the interest rate on the company's debt is 6.9 percent and its tax rate is 30 percent. the operating profit margin was 12.8 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.

Operating Income$7.936.000

Net Income$4.540.900

ROA16%

ROE27%

Explanation:

Income Statement2015  

Sales$62.000.000  

Operating Income$7.936.00012,8%

Interest Expenses 6,9%-$1.449.000  

Net Income BEFORE Taxes$6.487.000  

Tax RATE 30%  -$1.946.100  

Net Income$4.540.900  

answer; /// i do believe that the correct answer is ; ///claude garamond;

disadvantages of leasing a vehicle: no vehicle equity and mileage limitations

disadvantages of purchasing a vehicle: large down payment and vehicle depreciation

#plato4lyfe