Homework: Chapter 4 Homework Save Score: 0 of 1 pt 2 of 11 (1 complete) HW Score: 9.09%, 1 of 11 pts Problem 4-3 (similar to) Question Help (Evaluating profitability) Last year, Stevens Inc. had sales of $405,000, with a cost of goods sold of $117,000. The firm's operating expenses were $130,000, and its increase in retained earnings was $58,000. There are currently 23,000 common stock shares outstanding and the firm pays a $1.59 dividend per share. a. Assuming the firm's earnings are taxed at 21 percent, construct the firm's income statement. b. Compute the firm's operating profit margin. c. What was the times interest earned? a. Assuming the firm's earnings are taxed at 21 percent, construct the firm's income statement. (Round to the nearest dollar. NOTE: You may input expense accounts as negative values.) Stevens Inc. Income Statement Sales Cost of goods sold Gross profits Interest expense Operating profits Operating expenses Earnings before taxes Sales Net income Choose from any list or enter any number in the input fields and then click Check