Question: ( Related to Checkpoint 4 . 3 ) ( Analyzing Profitability ) In 2 0 2 3 , the Allen Corporation had sales of $

(Related to Checkpoint4.3)(Analyzing Profitability) In
2023,
the
Allen
Corporation had sales of
$67
million, total assets of
$41
million, and total liabilities of
$21
million. The interest rate on the company's debt is
5.7
percent, and its tax rate is
21
percent. The operating profit margin was
10
percent.
a. Compute the firm's
2023
net operating income and net income.
The firm's
20232023
net operating income is
$enter your response here
million. (Round to two decimal places.)

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