subject
Business, 09.10.2019 19:30 SmallPepsiCan7260

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

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 12:50
Suzanna decided not to pay federal income tax, saying that paying federal income tax is optional. describe two possible consequences of suzanna’s decision
Answers: 2
question
Business, 22.06.2019 03:00
Journalize the following transactions that occurred in september 2015 for aquamarines. no explanations are needed. identify each accounts payable and accounts receivable with the vendor or customer name. sep. 3 purchased merchandise inventory on account from shallin wholesalers, $5,000. terms 1/15, n/eom, fob shipping point. 4 paid freight bill of $80 on september 3 purchase. 4 purchased merchandise inventory for cash of $1,700. 6 returned $500 of inventory from september 3 purchase. 8 sold merchandise inventory to hermosa company, $6,000, on account. terms 2/15, n/35. cost of goods, $2,640. 9 purchased merchandise inventory on account from thomas wholesalers, $8,000. terms 2/10, n/30, fob destination. 10 made payment to shallin wholesalers for goods purchased on september 3, less return and discount. 12 received payment from hermosa company, less discount. 13 after negotiations, received a $200 allowance from thomas wholesalers. 15 sold merchandise inventory to jordan company, $2,500, on account. terms 1/10, n/eom. cost of goods, $1,050. 22 made payment, less allowance, to thomas wholesalers for goods purchased on september 9. 23 jordan company returned $400 of the merchandise sold on september 15. cost of goods, $160. 25 sold merchandise inventory to smithsons for $1,100 on account that cost $400. terms of 2/10, n/30 were offered, fob shipping point. as a courtesy to smithsons, $75 of freight was added to the invoice for which cash was paid by aquamarines. 26 after negotiations, granted a $100 allowance to smithsons for merchandise purchased on september 25. 29 received payment from smithsons, less allowance and discount. 30 received payment from jordan company, less return.
Answers: 2
question
Business, 22.06.2019 05:30
Excel allows you to take a lot of data and organize it in one document. what are some of the features you can use to clarify, emphasize, and differentiate your data?
Answers: 2
question
Business, 22.06.2019 10:00
The solution set for -18 < 5x-3 iso-3х3< xо-3хo3 > x
Answers: 3
You know the right answer?
The malia corporation had sales in 2015 of $64 million, total assets of $41 million, and total liabi...
Questions
question
Mathematics, 31.01.2020 23:01
Questions on the website: 13722363