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Last year, Stevens Inc. had sales of $402 comma 000, with a cost of goods sold of $120 comma 000. The firm's operating expenses were

Last year, Stevens Inc. had sales of $402 comma 000, with a cost of goods sold of $120 comma 000. The firm's operating expenses were $ 125 comma 000, and its increase in retained earnings was $50 comma 000. There are currently 22 comma 200 common stock shares outstanding and the firm pays a $1.61 dividend per share. a. Assuming the firm's earnings 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 earnings are taxed at 34 percent, construct the firm's income statement

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