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In 2 0 1 6 , the Allen Corporation had sales of $ 6 4 million , total assets of $ 5 0 million ,

In2016, the Allen Corporation had sales of $ 64million, total assets of $ 50million, and total liabilities of $ 18 million. The interest rate on the company's debt is 6.1percent, and its tax rate is 35 percent. The operating profit margin is 10 percent. Compute the firm's 2016 net operating income and net income.
The firm's 2016 net operating income is $
6.4 million. (Round to two decimal places.)
Part 2
The firm's 2016 net income is $
enter your response here million.(Round to two decimal places.)

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