Income Statement for Xenon Manufacturing: 2008 2009 Total sales 202 212 Cost of sales 148 172 Gross
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Question:
Income Statement for Xenon Manufacturing:
2008 | 2009 | |
Total sales | 202 | 212 |
Cost of sales | −148 | −172 |
Gross Profit | 54 | 40 |
Selling, general, | ||
and administrative expenses | −22 | −20 |
Research and development | −8 | −7 |
Depreciation and amortization | −4 | −3 |
Other income | 4 | 6 |
Earnings before interest | ||
and taxes (EBIT) | 24 | 16 |
Interest income (expense) | −7 | −4 |
Pretax income | 14 | 12 |
Taxes | −4 | −3 |
Net Income | 10 | 9 |
Consider the above Income Statement for Xenon Manufacturing. All values are in millions of dollars. If Xenon Manufacturing has 21 million shares outstanding, what is its EPS in 2009?
Related Book For
Accounting Texts and Cases
ISBN: 978-1259097126
13th edition
Authors: Robert Anthony, David Hawkins, Kenneth Merchant
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