?(Related to Checkpoint? 4.3) ?(Analyzing Profitability) In? 2016, the Allen Corporation had sales of $ 66?million, total assets...

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?(Related to Checkpoint? 4.3)?(Analyzing Profitability) In? 2016, the AllenCorporation had sales of
$ 66?million, total assets of $ 50 ?million, and totalliabilities of 21million. The interest rate on the? company's debtis 5.6?percent, and its tax rate is 35percent. The operating profitmargin is 14 percent.
a. Compute the? firm's 2016 net operatingincome and net income.
b. Calculate the? firm's operating return onassets and return on equity.? (Hint: You can assume that interestmust be paid on all of the? firm's liabilities.)

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Answer of Part a Operating Profit Margin Net Operating Income Sales 014 Net Operating Income 66000000 Net Operating Income 014 66000000 Net Operating Income See Answer

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?(Related to Checkpoint? 4.3)?(Analyzing Profitability) In? 2016, the AllenCorporation had sales of$ 66?million, total assets of $ 50 ?million, and totalliabilities of 21million. The interest rate on the? company's debtis 5.6?percent, and its tax rate is 35percent. The operating profitmargin is 14 percent.a. Compute the? firm's 2016 net operatingincome and net income.b. Calculate the? firm's operating return onassets and return on equity.? (Hint: You can assume that interestmust be paid on all of the? firm's liabilities.)