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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 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 6.2
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.)

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