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(Solved): (Related to Checkpoint 4.3) (Analyzing Profitability) In 2023, the Allen Corporation ha ...



?(Related to Checkpoint? 4.3) ?(Analyzing Profitability) In 2023?, the Allen Corporation had sales of ?$64 ?million, total assets of ?$42 ?million, and total liabilities of ?$19 million. The interest rate on the? company's debt is 6.1 ?percent, and its tax rate is 21 percent. The operating profit margin was 13 percent. a. Compute the? firm's 2023 net operating income and net income. b. Calculate the? firm's operating return on assets and return on equity. ?(Hint?: You can assume that interest must be paid on all of the? firm's liabilities.) Question content area bottom Part 1 a. Compute the? firm's 2023 net operating income and net income. The? firm's 2023 net operating income is ?$ ?? enter your response here million. ? (Round to two decimal? places.)



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