Question: ( Related to Checkpoint 4 . 3 ) ( Analyzing Profitability ) In 2 0 2 3 , the Allen Corporation had sales of $
Related to CheckpointAnalyzing Profitability In the Allen Corporation had sales of $million total assets of $million and total liabilities of $ million. The interest rate on the company's debt is percent and its tax rate is percent. The operating profit margin was percent.
a Compute the firm's 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.
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Part
a Compute the firm's net operating income and net income.
The firm's net operating income is $
enter your response here million. Round to two decimal places.
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