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(Evaluating proftabifiy) Last year, Stevens ine had sales of $403,000, with a cost of goods sold of $110,000. The firm's operoting expenses were $125,000, and

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(Evaluating proftabifiy) Last year, Stevens ine had sales of $403,000, with a cost of goods sold of $110,000. The firm's operoting expenses were $125,000, and its increase in retained eamings w $51,000. There are currenfy 21,600 common stock shares outstanding and the firm pays a $1.55 dividend per share. a. Assuming the fim's earnings are taxed at 21 percent, construd the firmis income statement. b. Compute the furn's operaling profit margin c. What was the times interest earned

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