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Last year, the P . M . Postem Corporation had sales of $ 4 2 7 , 0 0 0 , with a cost of
Last year, the P M Postem Corporation had sales of $ with a cost of goods sold of $ The firm's operating expenses were $ and its increase in retained earnings was $ There are currently shares of common stock outstanding, the firm pays a $ dividend per share, and the firm has no interestbearing debt. a Assuming the firm's earnings are taxed at percent construct the firm's income statement. b Compute the firm's operating profit margin. Question content area bottom Part a Assuming the firm's earnings are taxed at construct the firm's income statement. Complete the income statement below: Round to the nearest dollar. Income Statement Revenues $ Cost of Goods Sold Gross Profit $ Operating Expenses Net Operating Income $ Interest Expense Earnings before Taxes $ Income Taxes Net Income $
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