please correct red

7. Consider the following information about a company: total assets - $10 million; total asset turnover = 15; gross profit margin = 1/2; operating expenses = 1/2 of cost of goods sold; net fixed assets fixed assets; interest coverage ratio = 5 times; net profit margin = 1/10; common shares = 200,000. (a) Construct the income statement from the information provided. Total Asset : 10,000,000 1,000,000 Total Asset Turnover - 2,000,000 +2,000,000 Gross profit margin:5,000,000 +2,000,000 Operating Expense = 2,500,000 / - 2,500,000 Net fixed assets = 2,000,000/ +42000, 2000 fixed assets=2,000,000 12,500,000 Net profit margin= 1,000,000/ (b) Referring to part (a), what is the marginal tax rate? (Do NOT assume it is 40%.). (c) Determine the depreciation expense and explain your reasoning. (d) Calculate earnings per share (earnings available for common stockholders / common shares) $5 per share