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Find the firm net operating income and net income

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Reference no: EM132708665

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 a. Compute the firm's 2016 net operating income and net income.

Reference no: EM132708665

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