Compare the firms operating profit margin what was the


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?

Request for Solution File

Ask an Expert for Answer!!
Financial Management: Compare the firms operating profit margin what was the
Reference No:- TGS02701450

Expected delivery within 24 Hours