The Malia Corporation had sales in 2015 of ?$70 million, total assets of ?$48 ?million, and total liabilities of $ 15 million. The interest rate on the?company's debt is 6.1 percent and its tax rate is 30 percent. The operating profit margin was 11.4 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.
a) The operating income was ?___________ ?(Round to the nearest? dollar.)
b) The net income was ?_________________ ?(Round to the nearest? dollar.)
c) The operating return on assets was 16.6______________ ?(Round to one decimal? place.)
d) The return on equity was_________________ (Round to one decimal? place)