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In 2 0 2 3 , the Allen Corporation had sales of $ 6 9 million , total assets of $ 4 3 million ,
In
the Allen
Corporation had sales of $
million total assets of $
million and total liabilities of $
million. The interest rate on the company's debt is
percent and its tax rate is
percent. The operating profit margin was
percent.
a Compute the firm's
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.
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