What was the operating profit margin

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Reference no: EM132042794

A company had sales of $400 million. Its cost of good sold and operating expenses were 28% and 32.5% of sales, respectively. Its tax rate was 34%. Its retained earnings for that year were $58 million. There are 22 million shares outstanding, and the firm pays a dividend of $1.60 per share. (a) Construct the income statement. (b) What was the operating profit margin? (c) What was the times interest earned ratio? SHow formulas and steps on how so solv each

Reference no: EM132042794

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