last year, steven inc. had sales of $402000 with a cost of goods sold of $112000. the firms operating expenses were $132000 and its increase in retained earnings was $53000. there are currently 22300 common stock shares outstanding and the firm pays a $1.61 divdend per share.

a. assuming the firms earnings are taxed at 21 percent, comtruct the firms income statement

b. compute the firms operating profit margin

c. what was the times interest earned