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( Related to Checkpoint 4 . 3 ) ( Analyzing Profitability ) In 2 0 1 6 , the Allen Corporation had sales of $
Related to Checkpoint Analyzing Profitability In the Allen Corporation had sales of $ million, total assets of $ million, and total liabilities of $ million
The interest rate on the company's debt is percent, and its tax rate is percent. The operating profit margin is percent.
a Compute the firm's 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.
a Compute the firm's net operating income and net income.
The firm's net operating income is $ million. Round to two decimal places.
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