XYZ Co. had sales in 2013 of $ 100 million, Total Assets of $ 65.000 million and the total liabilities of $ 35 million. The interest rate debt is 7% and the tax rate is 40%.
The "operating profit margin" is 15%. Assume that the interest must be paid all the debt. Determine the following:
a. Operting income
b. Net Income
c. Operating Return on Assets
d. Return on Equity