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(Related to Checkpoint 4.3) (Analyzing Profitability) in 2016, the Allen Corporation had sales of $67 million, total assets of $40 million, and total liabilities of

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(Related to Checkpoint 4.3) (Analyzing Profitability) in 2016, the Allen Corporation had sales of $67 million, total assets of $40 million, and total liabilities of $15mili on. The interest rate on the company's debt is 5.9 percent, and its tax rate is 35 percent. The operating profit margin is 11 percent. a. Compute the firm's 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 firm's 2016 not operating income and net income. The firm's 2016 net operating income is \$ milion. (Round to two decimal places.)

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