In 2016, the Allen Corporation had sales of $ 69$69 million, total assets of $ 42$42 million, and total liabilities of $ 23$23 million. The interest…

In​ 2016, the Allen Corporation had sales of

$ 69$69

​million, total assets of

$ 42$42

​million, and total liabilities of

$ 23$23

million. The interest rate on the​ company’s debt is

6.46.4

​percent, and its tax rate is

3535

percent. The operating profit margin is

1212

percent.a. Compute the​ firm’s 2016 net operating income and net income.

b. Calculate the​ firm’s operating return on assets and return on equity.​ (Hint: You can assume that interest must be paid on all of the​ firm’s liabilities.)

a. Compute the​ firm’s 2016 net operating income and net income.

The​ firm’s 2016 net operating income is

​$8.28 8.28

million. ​ (Round to two decimal​ places.)

The​ firm’s 2016 net income is

​$nothing

million.  ​(Round to two decimal​ places.)

HELP!! I’m stuck

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