100,000 with $130,000, and its 00 common stock Us De puntan Ulule deui. 4-3. (Evaluating profitability) Last year, Stevens, Inc. had sales of $400,000 cost of goods sold of $112,000. The firm's operating expenses were $130,000. increase in retained earnings was $58,000. There are currently 22,000 common shares outstanding and the firm pays a $1.60 dividend per share. a. Assuming the firm's earnings are taxed at 34 percent, construct the fimm income statement. b. Compute the firm's operating profit margin. c. What was the times interest earned