The malia corporation had sales in 2015 of $64 million, total assets of $41 million, and total liabilities of $ 15 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 12.2 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. step 1: formulate a solution strategy the operating income is given by: operating income equals operating profit margin times sales step 2: crunch the numbers the operating income was $ 7808000. (round to the nearest dollar.) step 1: formulate a solution strategy the net income is defined as: net income equals (operating income minus total liabilities times interest rate )times (1 minus tax rate )step 2: crunch the numbers the net income was $ 4793600. (round to the nearest dollar.) step 1: formulate a solution strategy