Dresser Industries provides products and services to oil and natural gas exploration, production, transmission and processing companies.
Question:
Dresser Industries provides products and services to oil and natural gas exploration, production, transmission and processing companies. A recent income statement is reproduced below.Dollar amounts are in millions.
InstructionsAssume that 177,636,000 shares of stock were issued and outstanding. Prepare the per share portion of the income statement. Remember to begin with ??Earnings from continuingoperations.??
Transcribed Image Text:
$2,697.0 1,933.9 92.4 Sales Service revenues Share of earnings of unconsolidated affiliates Total revenues 4,723.3 1,722.7 1,799.9 Cost of sales Cost of services Total costs of sales and services 3,522.6 Gross earnings Seling, engineering, administrative and general expenses Special charges Other income (deductions) Interest expense Interest earned Other, net 1,200.7 (919.8) (70.0) (47.4) 19.1 4.8 Earnings before income taxes and other items below 187.4 Income taxes (79.4) Minority interest (10.3) Earnings from continuing operations Discontinued operations 97.7 (35.3) Earnings before extraordinary items Extraordinary items 62.4 (6.3) Net earnings 56.1
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