What is mad dogs operating income and net income

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Reference no: EM131566141

Mad Dog Electronics had sales in 2016 of $55 Million, total assets of $38 Million, and owner equity of $12 Million. The interest rate on the company debt is 5.8% and its tax rate is 34%. The operating profit margin was 12.8%. Assume that interest must be paid on all debt. What is Mad Dogs Operating Income (EBIT) and Net Income?

Reference no: EM131566141

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