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Business, 20.11.2021 05:40 Blakemiller2020

(Evaluating profitability) The Malia Corporation had sales in 2019 of $65 million, total assets of 42$ million, and total liabilities of 20$ million. The interest rate on the company's debt is 6 percent and its tax rate is 21 percent. The operating profit margin was 12 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.


(Evaluating profitability) The Malia Corporation had sales in 2019 of $65 million, total assets

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