In 2016, the Allen corporation head sales of $68 million, total assets of $40 million, and total liabilities of $24 million. The interest rate on the companies debt is 5.8%, and it's tax rate is 35%. The operating profit margin is 11%.

a. compute the firms 2016 net operating income and net income.

The firms 2016 net operating income is $ ___

million. (round to two decimal places.)

The firms 2016 net income is $___ million.

(round to two decimal places.)

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