In 2016, the Allen Corporation had sales of exist62 million, total assets of exist42 million, and total liabilities of exist20 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 13 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.
a. Compute the firm's 2016 net operating income and net income.
The firm's 2016 net operating income is exist million. (Round to two decimal places.)