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Compute the firm net operating income and net income

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Reference no: EM133033001

Question - In 2016, the Allen Corporation had sales of $65 million, total assets of $48 million, and total liabilities of $21 million. The interest rate on the company's debt is 5.6 percent, and its tax rate is 35 percent. The operating profit margin is 11 percent.

Required -

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

2. Calculate the firm's operating return on assets and return on equity.

Reference no: EM133033001

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