Question
3. Last year, Towne Inc. had sales of $400,000, with cost of goods $112,000. The firms operating expenses were $130,000 and its increase in retained
3. Last year, Towne Inc. had sales of $400,000, with cost of goods $112,000. The firms operating expenses were $130,000 and its increase in retained earnings was $58,000. There are currently 22,000 common stock shares outstanding and the firm pays a $1.60 dividend per share?
a. Compare the firms operating profit margin?
b. What was the times interest earned?
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International Financial Reporting Standards An Introduction
Authors: Belverd Needles, Marian Powers
2nd edition
053847680X, 978-1111793234, 1111793239, 978-0538476805
