Compute the firms net operating income and net income

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Reference no: EM131045173

The Allen Corporation had sales in 2013 of $70 million, total assets of $43 million, and totla liabilities of $21 million. The interest rate on the company's debt is 5.6 precent, and its tax rate is 35 percent. The operating profit margin is 11 percent.

a. Compute the firm's 2013 net operating income and net income.

The firm's 2013 net operating income is $___ million

The firm's 2013 net income is $____ million

Reference no: EM131045173

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