Given the income statement for the MLC (Table 4-7) and balance sheet (Table 4-4), answer the following:
a. Calculate the following ratios for 2013: operating profit margin, net profit margin, operating return on assets, net return on assets, and return on equity.
b. In a written explanation, describe what each of these ratios means.
c. In a brief paragraph, describe the overall profitability of the MLC.