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(Evaluming profitability) Last year, Stevens inc, had sales of $400,000, with a ooet of goods sold of $112,000. The firmis operatirg expenses were $130,000, and

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(Evaluming profitability) Last year, Stevens inc, had sales of $400,000, with a ooet of goods sold of $112,000. The firmis operatirg expenses were $130,000, and is increase in retuined enmings was $58,000. There are ourrently 22,000 common stock thares outstanding and the firm peys a $1.60 cividend per ahare. a. Assuming the firm's eamings are taxed at 21 percent, construct the firm's income statemont. b. Compute the firm's operating proft margin. c. What was the times interest earned? negative values)

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