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Last year, Your Company, Inc. had sales of $750,000, with a cost of goods sold of $350,000. Your Company's operating expenses were $200,000, and its
Last year, Your Company, Inc. had sales of $750,000, with a cost of goods sold of $350,000. Your Company's operating expenses were $200,000, and its increase in retained earnings was $75,000. There are currently 25,000 common stock shares outstanding and Your Company paid dividends of $ 1.00 per share.
a) Assuming the firm's earnings are taxed at 35 percent, construct the firm's income statement:
b) Compute the firm's operating profit margin (%):
c) Compute the firm's times interest earned
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