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(Related to Checkpoint 4.3) (Analyzing Profitability) In 2016, the Alen Corporation had sales of $70 million, total assets of $43 million, and total liabiles of

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(Related to Checkpoint 4.3) (Analyzing Profitability) In 2016, the Alen Corporation had sales of $70 million, total assets of $43 million, and total liabiles of $15 million. The interest rate on the company's debt is 6.2 percent and its tax rato is 35 percent. The operating profit margin is 13 percent a Compute the firm's 2016 net operating income and net income b. Caculate 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 liabilties) a. Compute the fem's 2016 net operating income and net income The firm's 2016 net operating income is 5 milion (Round to two decimal places)

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