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  3. in 2016, the allen corporation had sales of $ 62 m

In 2016, the Allen Corporation had sales of $ 62 million, total assets of $...

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Finance

In 2016, the Allen Corporation had sales of $ 62 million, total assets of $ 45 million, and total liabilities of $ 25 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 14 percent.

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

The firm's 2016 net operating income is $___ million. (Round to two decimal places.)

The firm's 2016 net income is $ ___ million.(Round to two decimal places.)

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

The operating return on assets is ____%. (Round to two decimal places.)

The return on equity is ____%. (Round to two decimal places.)

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