Last year towne inc had sales of 400000 with cost of goods, Ask an Expert

Finance

Last year, Towne Inc. had sales of $400,000, with cost of goods $112,000. The firm’s operating expenses were $130,000 and its increase in retained earnings was $58,000. There are currently 22,000 common stock shares outstanding and the firm pays a $1.60 dividend per share?

a. Compare the firm’s operating profit margin?

b. What was the times interest earned?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92744634

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