Solution-Operating return on assets and return on equity

Operating return on assets and return on equity

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The Malia Corporation had sales in 2019 of $70 million, total assets of $50 million, and total liabilities of $21 million. The interest rate on the company debt is 6 percent and its tax rate is 21 percent. The operating profit margin was 11.8 percent. What were the companies 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.

Reference no: EM133116755

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Operating return on assets and return on equity

Reference no: EM133116755

Reference no: EM133116755

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