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please answer for A and B (Related to Checkpoint 4.3) (Analyzing Profitability) in 2016, the Alen Corporation had sales of 565 million, total assets of
please answer for A and B
(Related to Checkpoint 4.3) (Analyzing Profitability) in 2016, the Alen Corporation had sales of 565 million, total assets of $50 mition, and total Fabilities of $23 million. The interest rate on the company's dobt is 6.3 percent, and its tax rate is 35 percent. The operating proflt margin is 11 porcent. a. Compute the firmis 2016 net operating income and net income. b. Calculate the firm's operating retum on assets and retum on equity. (Hint You can assume that interest must be paid on all of the firm's liabilities) a. Compute the frrm's 2016 net operating income and net income. The firm's 2016 net operating income is: miltion (Round to (wo decimal places) Step by Step Solution
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