Question
In: Finance
(Analyzing Profitability) In 2016, the Allen Corporation had sales of $ 61$61 million, total assets of...
(Analyzing Profitability) In 2016, the Allen Corporation had sales of
$ 61$61
million, total assets of
$ 50$50
million, and total liabilities of
$ 20$20
million. The interest rate on the company's debt is
5.85.8
percent, and its tax rate is
3535
percent. The operating profit margin is
1212
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.)
a. Compute the firm's 2016 net operating income and net income.
The firm's 2016 net operating income is _ million. (Round to two decimal places.)
Solutions
jeff jeffy answered 1 year agoRelated Solutions
In 2016, the Allen Corporation had sales of $61 million, total assets of $44 million, and...
In 2016, the Allen Corporation had sales of $61 million, total
assets of $44 million, and total liabilities of $17 million. The
interest rate on the company's debt is 5.7 percent, and its tax
rate is 35 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...
(Related to Checkpoint 4.3) (Analyzing Profitability) In 2016. the Allen Corporation had sales of $62 million, total assets of $48 million, and total
(Related to Checkpoint 4.3) (Analyzing Profitability) In 2016. the Allen Corporation had sales of $62 million, total assets of $48 million, and total liabilities of S22 million. The interest rate on the company's debt is 6.1 percent. and its tax rate is 35 percent. The operating profit margin is 14 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.
(Related to Checkpoint 4.3) (Analyzing Profitability) In 2016, the Allen Corporation had sales of $68 million,...
(Related to Checkpoint 4.3) (Analyzing Profitability) In
2016, the Allen Corporation had sales of $68 million, total assets
of $43 million, and total liabilities of $16 million. The interest
rate on the company's debt is 5.5 percent, and its tax rate is 35
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...
(Related to Checkpoint 4.3) (Analyzing Profitability) In 2016, the Allen Corporation had sales of $ 66million,...
(Related to Checkpoint 4.3)
(Analyzing Profitability) In 2016, the Allen
Corporation had sales of
$ 66million, total assets of $ 50 million, and total
liabilities of 21million. The interest rate on the company's debt
is 5.6percent, and its tax rate is 35percent. The operating profit
margin is 14 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...
In 2016, the Allen Corporation had sales of $62 million, total assets of $45 million, and...
In 2016, the Allen Corporation had sales of $62 million, total
assets of $45 million, and total liabilities of $25 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 14 percent.
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 answer to 2 decimal places)
In 2016, the Allen Corporation had sales of $ 60 million, total assets of $ 45...
In 2016, the Allen Corporation had sales of $ 60 million,
total assets of $ 45 million, and total liabilities of $ 23
million. The interest rate on the company's debt is 5.9 percent,
and its tax rate is 35 percent. The operating profit margin is 14
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...
In 2016, the Allen Corporation had sales of $ 62 million, total assets of $ 45...
In 2016, the Allen Corporation had sales of $ 62 million,
total assets of $ 45 million, and total liabilities of $ 25
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 14
percent.
a. Compute the firm's 2016 net operating income and net
income.
The firm's 2016 net operating income is $___ million. (Round
to two decimal places.)
The firm's 2016 net income is...
In 2016, the Allen Corporation had sales of $60 million, total assets of $50 million, and total liabilities of $16 million.
In 2016, the Allen Corporation had sales of $60 million, total
assets of $50 million, and total liabilities of $16 million. The
interest rate on the company's debt is 5.7%, and it's tax rate is
35%. The operating profit margin is 13%.Please answer: 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.)
In 2016, the Allen Corporation had sales of $62 milion, total assets of $42 milion, and total liablities of $21 milion
(Related to Checkpoint 4.3) (Analyzing Profitability) In 2016, the Allen Corporation had sales of $62 milion, total assets of $42 milion, and total liablities of $21 milion. The interest rate on the company's debt is 6.1 percent, and its tax rate is 35 percent. The operating profit margin is 11 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...
(Evaluating profitability) The Malia Corporation had sales in 2019 of $60 million, total assets of $46...
(Evaluating profitability) The Malia Corporation had sales in
2019 of $60 million, total assets of $46 million, and total
liabilities of 15 million. The interest rate on the company’s debt
is 6 percent and its tax rate is 21 percent. The operating profit
margin was 11.8 percent. What were the company’s operating income
and net income? What was the operating return on assets and return
on equity? Assume that interest must be paid on all of the
debt.
The operating...
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