Analyzing Profitability) In2016, the Allen Corporation had sales of $66 million, total assets of $41 million, and total liabilities of $18 million. The interest rate on thecompany's debt is 5.6 percent, and its tax rate is 35 percent. The operating profit margin is 13 percent.

a. Compute thefirm's 2016 net operating income

and

net income.

b. Calculate thefirm's operating return on assets

and return on equity.

(Hint: You can assume that interest must be paid on all of thefirm's liabilities.)