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Calculate gross profit margin (gross profitirevenues) and operating profit margin (operating profit/revenues) for Callaway Golf Company tceferto Exhibit 2.9) Muitiple Cholce 44.2% end 57% 50.2%

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Calculate gross profit margin (gross profitirevenues) and operating profit margin (operating profit/revenues) for Callaway Golf Company tceferto Exhibit 2.9) Muitiple Cholce 44.2% end 57% 50.2% and 5 Cannot be calculeted with the information provided 44.2% end 8% EXHIBIT 2.9 CALLAWAY GOLF COMPANY Consolidated Statements of Operations (In thousands, except per share data) Year Ended December 31, 2014 2015 2016 $886,945 $ 871,192 $843,794 Net sales... 529,019 486,161 486,181 Cost of sales 357,926 357,633 385,011 Gross profit. Selling expenses.. General and administrative expenses.. Research and development expenses. Total operating expenses Income from operations. Interest income.. Interest expense Gain on sale of investments in golf-related ventures. Other income (expense), net. 234,231 228,910 235,556 61,662 68,567 71,969 31,285 33,213 33,318 327,178 330,690 340,843 30,748 44,168 26,943 388 438 621 (8.733) (9,499) (2,368) 17,662 1,465 (48) (1,690) 58,393 21,639 20,063 Income before income taxes Income tax (benefit) provision. (132,561) 5,495 5,631 Net income.... Less: Net income attributable to noncontrolling interests. Net income attributable to Callaway Golf Company.. 190,954 14,568 16,008 ...... ... 1,054 $ 189,900 $ 16,008 $14,56 Earnings per common share: 24 24 Basic 2.02 2$ 0.21 0.18 Diluted. 1.98 0.17 2$ 0.20 Weighted-average common shares outstanding Basic. 94,045 83,116 77,559 Diluted. . 95,845 84,611 78,385

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