Last year, Stevens Inc. had sales of $400,000 with cost of goods sold of $112,000. The firms

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Last year, Stevens Inc. had sales of $400,000 with cost of goods sold of $112,000. The firms operating expenses were $130,000, and its increase in retained earnings was $58,000. There are currently 22,000 common stock shares outstanding and the firm pays a $1.60 dividend per share. The firm's earnings are taxed at 21%. What was the times interest earned?

Posted Date: May 21, 2024 03:10 AM

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Last year, Stevens Inc. had sales of $400,000 with cost of goods sold of $112,000. The firms

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