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Sunset, Inc. had sales of $401,000, with a cost of goods sold of $120,000. The firm's operating expenses were $126,000, and its increase in retained

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Sunset, Inc. had sales of $401,000, with a cost of goods sold of $120,000. The firm's operating expenses were $126,000, and its increase in retained earnings was $55,000. There are currently 21,700 common stock shares outstanding and the firm pays a $1.64 dividend per share. a. Assuming the firm's tax rate is 21 percent, fill in the blanks in the firm's income statement b. What is the firm's operating profit margin? c. What is the firm's times interest earned? a. Assuming the firm's earnings are taxed at 21 percent, fill in the blanks in the firm's income statement. (Round to the nearest dollar. NOTE: You may input expense accounts as negative values.) Stevens Inc. Income Statement $ Gross profits $ Operating profits $ Earnings before taxes $ Net income $ b. The operating profit margin is 1%. (Round to one decimal place.) c. The times interest earned ratio is x (Round to one decimal place.)

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