{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-22T19:02:14-04:00", "answer_date": "2024-05-22 19:02:14", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1526852", "url": "\/study-help\/questions\/related-to-checkpoint-43-analyzing-profitability-in-2016-the-allen-1526852", "question_creation_date_js": "2024-05-22T19:02:14-04:00", "question_creation_date": "May 22, 2024 07:02 PM", "meta_title": "[Solved] (Related to Checkpoint 4.3) (Analyzing Pr | SolutionInn", "meta_description": "Answer of - (Related to Checkpoint 4.3) (Analyzing Profitability) In 2016, the Allen Corporation had sales of $70 million, total a | SolutionInn", "meta_keywords": "related,checkpoint,4.3,analyzing,profitability,2016,allen,corporation,sales,$70,million,total", "question_title_h1": " (Related to Checkpoint 4.3) (Analyzing Profitability) In 2016, the Allen Corporation had sales of $70 million, total assets of $48 million, and total liabilities", "question_title": " (Related to Checkpoint 4.3) (Analyzing Profitability) In 2016, the Allen Corporation", "question_title_for_js_snippet": "(Related to Checkpoint 4 3) (Analyzing Profitability) In 2016, the Allen Corporation had sales of $70 million, total assets of $48 million, and total liabilities of $20 million The interest rate on the company's debt is 5 7 percent, and its tax rate is 35 percent The operating profit margin is 13 percent a Compute the firm's 2016 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 2016 net operating income and net income The firm's 2016 net operating income is $ 9 10 million (Round to two decimal places ) The firm's 2016 net income is $ $5 17 million (Round to two decimal places ) b Calculate the firm's operating return on assets and return on equity The operating return on assets is 18 96 (Round to two decimal places ) The return on equity is 18 46 (Round to two decimal places )", "question_description": "\"image", "transcribed_text": "(Related to Checkpoint 4.3) (Analyzing Profitability) In 2016, the Allen Corporation had sales of $70 million, total assets of $48 million, and total liabilities of $20 million. The interest rate on the company's debt is 5.7 percent, and its tax rate is 35 percent. The operating profit margin is 13 percent. a. Compute the firm's 2016 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 2016 net operating income and net income. The firm's 2016 net operating income is $ 9.10 million. (Round to two decimal places.) The firm's 2016 net income is $ $5.17 million. (Round to two decimal places.) b. Calculate the firm's operating return on assets and return on equity. The operating return on assets is 18.96 %. (Round to two decimal places.) The return on equity is 18.46 %. (Round to two decimal places.)", "related_book": { "title": "Cost Accounting Foundations and Evolutions", "isbn": "9781439044612, 1439044619, 978-1111626822", "edition": "8th Edition", "authors": "Michael R. Kinney, Cecily A. Raiborn", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/146.jpg", "uri": "\/textbooks\/cost-accounting-foundations-and-evolutions-8th-edition-146", "see_more_uri": "" }, "free_related_book": { "isbn": "1846281903", "uri": "\/textbooks\/star-clusters-and-how-to-observe-them-2006th-edition-978-1846281907-290525", "name": "Star Clusters And How To Observe Them", "edition": "2006th Edition" }, "question_posted": "2024-05-22 19:02:14", "see_more_questions_link": "\/study-help\/questions\/business-economics-2023-September-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/delmott-sells-a-snowboard-xpert-that-is-popular-with-snowboard", "description": "Delmott sells a snowboard, Xpert that is popular with snowboard enthusiasts. Below is information relating to Delmotts purchases of Xpert snowboards during September. During the same month, 102 Xpert...", "stars": 3 }, { "url": "\/the-following-is-a-set-of-data-from-a-sample-of-n-7-12-440227", "description": "The following is a set of data from a sample of n - 7: 12 7 4 9 0 7 3 a. Compute the first quartile (Q1), the third quartile (Q3), and the interquartile range. b. List the five-number summary. c....", "stars": 3 }, { "url": "\/study-help\/questions\/sachs-brandss-defined-benefit-pension-plan-specifies-annual-retirement-benefits-8760397", "description": "Sachs Brands's defined benefit pension plan specifies annual retirement benefits equal to 1.2% service years * final year's salary, payable at the end of each year. Angela Davenport was hired by...", "stars": 3 }, { "url": "\/study-help\/psychology\/5-in-what-ways-can-casey-yost-avoid-writing-objectives-1984280", "description": "5. 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At the end of the annual accounting period, December 31, the accounting records for the most popular item in inventory showed the following:...", "stars": 3 }, { "url": "\/study-help\/questions-and-answers\/the-value-of-a-share-of-common-stock-depends-on-26169", "description": "The value of a share of common stock depends on the cash flows it is expected to provide, and those flows consist of the dividends the investor receives each year while holding the stock and the...", "stars": 3 }, { "url": "\/study-help\/fundamentals-of-human-resource-management\/subjectivity-can-be-successfully-removed-from-the-compensation-administration-process-1756750", "description": "Subjectivity can be successfully removed from the compensation administration process. Build an argument for and against this statement. 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