$)$ In $2023$

$,$

the Allen

Corporation had sales of $$$$69$

$$million$,$ total assets of $$$$43$

$$million$,$ and total liabilities of $$$$24$

million. The interest rate on the$$ company's debt is $6\mathrm{.}2$

$$percent$,$ and its tax rate is $21$

percent. The operating profit margin was $10$

percent.

a$.$ Compute the$$ firm's $2023$

net operating income and net income.

b$.$ Calculate the$$ firm's operating return on assets and return on equity. $($Hint$$:

You can assume that interest must be paid on all of the$$ firm's liabilities.$)$