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3. Wolfskill Trailer Mfg, Inc. had sales last year of $400,000. Its COGS were 28% of sales. WTMI's total operating expenses were $130,000, and it

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3. Wolfskill Trailer Mfg, Inc. had sales last year of $400,000. Its COGS were 28% of sales. WTMI's total operating expenses were $130,000, and it added $58,000 of Retained Earnings to the Equity Section of its Balance Sheet that year. The corporation has issued 22,000 shares of common stock and they paid $1.60 per share in dividends for the year. They pay federal income tax at the normal 21% rate. a. Make the company's complete Income Statement b. Calculate their Operating Profit Margin. c. What was their Times Interest Earned? Explain what it means

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