H.J. Boswell, Inc.. Income Statement (S millions, except per share data) for the Year Ended December 31, 2016 Sales $2,700.00 Cost of goods sold (2,025.00) Gross profit $ 675.00 Operating expenses: Selling expense S(90.00) General and administrative expense (67.50) Depreciation and amortization expense (135.00) Total operating expenses (292.50) Net operating income (EBIT, or earnings before interest and taxes) $382.50 Interest expense (67.50) Earnings before taxes $ 315.00 Income taxes (110.25) Net income $ 204.75 Additional information: Dividends paid to stockholders during 2016 $ 45.00 Number of common shares outstanding 90.00 Earnings per share (EPS) $ 2.28 Dividends per share $0.50 H.J. Boswell, Inc.. Income Statement (S millions, except per share data) for the Year Ended December 31, 2016 Sales $2,700.00 Cost of goods sold (2,025.00) Gross profit $ 675.00 Operating expenses: Selling expense S(90.00) General and administrative expense (67.50) Depreciation and amortization expense (135.00) Total operating expenses (292.50) Net operating income (EBIT, or earnings before interest and taxes) $382.50 Interest expense (67.50) Earnings before taxes $ 315.00 Income taxes (110.25) Net income $ 204.75 Additional information: Dividends paid to stockholders during 2016 $ 45.00 Number of common shares outstanding 90.00 Earnings per share (EPS) $ 2.28 Dividends per share $0.50