they are two questions, please answer those fully and with explanation please.

(Evaluating profitability) Last year, Stevens Inc. had sales of $401,000, with a cost of goods sold of $118,000. The firm's operating expenses were $125,000, and its increase in retained earnings was $51,000. There are currently 21,600 common stock shares outstanding and the firm pays a $1.57 dividend por 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? (Ratio analysis) The balance sheet and income statement for the A. Thiel Mfg. Company are given in the popup window. !! Calculate the following ratios: a. Current ratio b. Operating return on assets c. Times interest earned d. Det ratio e. Inventory turnover 1. Average collection period g. Total asset turnover h. Fixed asset turnover i. Operating profit margin h. Fod asset turnover i. Operating profit margin j. Return on equity a. The current ratio is 1.73 X. (Round to two decimal places.) Data Table as A. Thiel Mfg. Company Balance Sheet ($000) Cash Accounts receivable Inventories Current assets Net fixed assets Total assets $ 524 1,987 1,020 $ 3,531 4,475 $ 8,006 prid 1.11 Accounts payable Accrued expenses Short-term notes payable Current liabilities Long-term debt Owners' e uity Total liabilities and owners' equity $ 1,110 625 304 $ 2,039 1,976 3,991 $ 8,006 arr Click on the icon located on the ton right corner of the data table above in chel Print Done Data Table (Click on the icon located on the top-right corner of the data table above in order to copy its contents into a spreadsheet.) A. Thiel Mfg. Company Income Statement ($000) Net sales (all credit) Cost of goods sold Gross profit Operating expenses includes $511 depreciation) Operating income Interest expense Earnings before taxes Income taxes (40%) Net income $ 8,014 (3,298) $ 4,716 (3,006) $ 1,710 (344) $ 1,366 (546) $ 820 (Click on the icon located on the top-right corner of the data table above in order to copy its contents into a spreadsheet.) Print Done (Evaluating profitability) Last year, Stevens Inc. had sales of $401,000, with a cost of goods sold of $118,000. The firm's operating expenses were $125,000, and its increase in retained earnings was $51,000. There are currently 21,600 common stock shares outstanding and the firm pays a $1.57 dividend por 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? (Ratio analysis) The balance sheet and income statement for the A. Thiel Mfg. Company are given in the popup window. !! Calculate the following ratios: a. Current ratio b. Operating return on assets c. Times interest earned d. Det ratio e. Inventory turnover 1. Average collection period g. Total asset turnover h. Fixed asset turnover i. Operating profit margin h. Fod asset turnover i. Operating profit margin j. Return on equity a. The current ratio is 1.73 X. (Round to two decimal places.) Data Table as A. Thiel Mfg. Company Balance Sheet ($000) Cash Accounts receivable Inventories Current assets Net fixed assets Total assets $ 524 1,987 1,020 $ 3,531 4,475 $ 8,006 prid 1.11 Accounts payable Accrued expenses Short-term notes payable Current liabilities Long-term debt Owners' e uity Total liabilities and owners' equity $ 1,110 625 304 $ 2,039 1,976 3,991 $ 8,006 arr Click on the icon located on the ton right corner of the data table above in chel Print Done Data Table (Click on the icon located on the top-right corner of the data table above in order to copy its contents into a spreadsheet.) A. Thiel Mfg. Company Income Statement ($000) Net sales (all credit) Cost of goods sold Gross profit Operating expenses includes $511 depreciation) Operating income Interest expense Earnings before taxes Income taxes (40%) Net income $ 8,014 (3,298) $ 4,716 (3,006) $ 1,710 (344) $ 1,366 (546) $ 820 (Click on the icon located on the top-right corner of the data table above in order to copy its contents into a spreadsheet.) Print Done