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Calculate the? firm operating return on assets

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Reference no: EM133103132

Question - In? 2016, the Allen Corporation had sales of $69 ?million, total assets of $42 ?million, and total liabilities of $17 million. The interest rate on the? company's debt is 6.2 ?percent, and its tax rate is 35 percent. The operating profit margin is 14 percent.

Required -

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.)

Reference no: EM133103132

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