In 2016, the Allen Corporation had sales of $63 million, total assets of $48 million, and total liabilities of $25 million. The interest rate on the company's debt is 5.6%, and its tax rate is

35%. The operating profit margin is 10%.

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.)