In 2016 the Allen Corporation had sales of $70 million total assets of $47 million and total liabilities of $16 million the interest rate on the companys debt is 6.5 percent and its tax rate is 35 percent the operating profit margin is 12 percent

compute the firm's 2016 net operating income and net income

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 firms liabilities