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2006 2005 Total sales Cost of sales Gross profit Selling, general, and 610.1 578.3 (500.2) (481.9) 100.0 96.4 administrative expenses (40.5) (39.0) Research and development
2006 2005 Total sales Cost of sales Gross profit Selling, general, and 610.1 578.3 (500.2) (481.9) 100.0 96.4 administrative expenses (40.5) (39.0) Research and development (24.6) (22.8) Depreciation and amortization (3.6) (3.3) Operating income 41.2 31.3 Other income Earnings before interest and taxes (EBIT) 41.2 31.3 Interest income (expense) (25.1) (15.8) Pretax income 16.1 15.5 Taxes Net income Price per share (5.5) (5.3) 10.6 10.2 $16 $15 Sharing outstanding (millions) Stock options outstanding (millions) Stockholders' Equity Total Liabilities and Stockholders' Equity 9.8 7.7 0.2 0.1 126.6 63.6 533.1 386.7 Refer to the income statement above. Assuming that Luther has no convertible bonds outstanding, then for the year ending December 31, 2006 Luther's diluted earnings per share are closest to: at NIMI seme 10 R OA. $1.06 B. $0.53 OC. $0.85 OD. $1.27 102
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