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ivertanisiog and the firm bers a 51.61 dissend per ther (Evaluating profitablity) Last year, Stevens inc. had sales of $402.000, with a cost of goods
ivertanisiog and the firm bers a 51.61 dissend per ther (Evaluating profitablity) Last year, Stevens inc. had sales of $402.000, with a cost of goods sold of $115,000. The firrn's operating expenses were $129,000, and its increose in retained earnings was $58,000. There are currently 22,200 common stock shares outstanding and the firm pays a $1,61 dividend per share. a. Assuming the firm's eamings are taxed at 34 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 eamings are taxed at 34 peccent, construct the firm's income statement. (Round to the nearest dollar. NoTE: You may input expense accounts as negative values.)
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