Question - Financial Statement Analysis:
The following were extracted from a financial report for a 2017 fiscal year (in millions of dollars):
2017
Operating assets 165
Operating liabilities 78
Financial assets 40
Financial liabilities 60
Interest income 3.6
Interest expense 5.8
Comprehensive income 12
The firm has a statutory tax rate of 35%.
(a) What was the operating income (after-tax) for 2017?