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In​ 2016, the Allen Corporation had sales of $61 million, total assets of $50 ​million, and...

In​ 2016, the Allen Corporation had sales of $61 million, total assets of $50 ​million, and total liabilities of $20 million. The interest rate on the​company's debt is 5.9 percent, and its tax rate is 3535 percent. The operating profit margin is 12 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.)

Round to two decimal places:

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