in 2016 the Allen Corporation had sales of $61 million, total assets of $40 million and total liabilities of $19 million. The interest rate on the companys debt is 6.1 percent and its tax rate is 35 percent The operating profit margin is 12 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