(Evaluating profitability) Lastyear, Stevens Inc. had sales of $398 comma 000

398,000, with a cost of goods sold of $117 comma 000

117,000. Thefirm's operating expenses were $ 131 comma 000

$131,000, and its increase in retained earnings was $52 comma 000

52,000. There are currently 21 comma 600

21,600 common stock shares outstanding and the firm pays a $1.59

1.59 dividend per share.

a. Assuming thefirm's earnings are taxed at 34percent, construct thefirm's income statement.

b. Compute thefirm's operating profit margin.

c. What was the times interestearned?