FIN-320-X6080 Principles of Finance 22EW6 Homework: 2-1 MyFinanceLab Assignment Josh Tirado 07/08/22 3:21 PM Question 8, P4-8 (similar to) Part 2 of 4 HW Score: 38.67%, 19.33 of 50 points O Points: 0 of 4 Save (Related to Checkpoint 4.3) (Analyzing Profitability) In 2016, the Allen Corporation had sales of $64 million, total assets of $43 million, and total abilities of $20 million. The interest rate on the company's debt is 6.3 percent, and its tax rate is 35 percent. The operating profit margin is 11 percent a. Compute the firm's 2016 net operating income and net income b. Calculate the fim's operating return on assets and retum on equity (Hint. You can assume that interest must be paid on all of the firm's liabilities.) a. Compute the firm's 2016 net operating income and net income The firm's 2016 net operating income is $7.04 million (Round to two decimal places) The firm's 2016 net income is $million (Round to two decimal places) G Help me solve this View an example Get more help- Clear all Check answer