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In 2016, the Allen Corporation had sales of 60 million, total assets of 43 million, and total liabilities of 23 million. The interest rate on

In 2016, the Allen Corporation had sales of 60 million, total assets of 43 million, and total liabilities of 23 million. The interest rate on the company's debt is 5.7 percent, and its tax rate is 35 percent. The operating profit margin is 13 percent. a. Compute the firm's 2016 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.) Question content area bottom Part 1 a. Compute the firm's 2016 net operating income and net income. The firm's 2016 net operating income is $ enter your response here million. (Round

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