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Calculate firm operate return on assets and return of equity

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In? 2016, the Allen Corporation had sales of $64 million, total assets of $48 million, and total liabilities of $20 million. The interest rate on the company's debt is 6.3 percent, and its tax rate is 35 percent. The operating profit margin is 10 percent.

Problem 1: Calculate the firm's operating return on assets and return on equity.?

Reference no: EM132708664

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