(Evaluating profitabily) Last year, Stevens inc, had snles of $396,000, with a cost of goods scld of $111,000. The firm's operating oppenses were $131,000, and its increase in miained oartings wal $59,000. There are currenty 21,900 common stock shares oifstanding and the firm pays a $1.57 dividend per sharn. a. Assuming the firm's earnings are taxed at 21 percent, construct the fem's incorne stavornent. b. Cempule the firm's operating profit margin. c. What was the times interest eamed? (Evaluating proffatily) Last yrar, Strvens ine, had sales of $396,000, with a cost of goods naid of $111,000, The frim's ceecating axpenses were $131,000, and its increase in retained eamings w $59,000. There are curently 21,900 common atock shares outatanding and the trim pays a $1.57 dividend per share: a. Assuming the firm's earnings are taked at 21 peccent, oonstruct the fimis income strement. b. Compule the firris operating frofit margn. c. Vhiar was the times Witnreut almed