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If the corporation has 37 million shares outstanding, what is its EPS in 2018? QUESTION 7 Use the following Income Statement and Balance Sheet Information

If the corporation has 37 million shares outstanding, what is its EPS in 2018? image text in transcribed
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QUESTION 7 Use the following Income Statement and Balance Sheet Information for 2018 to answer the question below. This is a Retail Company. All numbers are in Millions Income Statement Total Sales Cost of Sales Gross Profit 219.2 146.8 219.2.146.8 24.8 Selling and Administrative Expenses Research and Development Depreciation and Amortization Other Income 6.3 4.2 EBIT Interest Expense Pretax Income 4.1 219.2-146.8-24.8-6.3- 4.2+4.1 5.4 219.2.146.8-24.8-6,3-4,2+4 1-5.4 (219.2-146.8-24.8-6.3-4.2+ 4.1-5.4)*0.30 (219.2-146.8-24.8-6.3-4.2+ 4.1-5.4)*0.70 Taxes Net Income Balance Sheet Assets Cash 60.4 47.4 Liabilities Accounts Payable Notes Payable/Short term debt Accounts Receivable 54.9 1.3 Inventories 6.2 4.2+4.1 Interest Expense 5,4 Pretax Income Taxes 219.2-146.8-24.8-6.3-4.2+4. 1-5.4 (219.2-146.8-24.8-6.3-4.2+ 4.1-5.4)*0.30 (219.2-146.8-24.8-6.3-4.2+ 4.1-5.4)*0.70 Net Income Balance Sheet Assets Cash 60,4 47.4 Liabilities Accounts Payable Notes Payable/Short term debt Accounts Receivable 54.9 1.3 Inventories 6.2 Total Current Assets 60.4+54.9+6.2 Total Current Liabilities 47.4+1.3 102.5 81.4 Net property, plant and equipment Total long-term assets 102.5 81.4 Long-term debt Total long-term debt Habilities Total Liabilities Stockholders' Equity (Total Equity) Total Liabilities and Stockholders' Equity 47.4+1.3+81.4 60.4+ 54.9+6.2+102.5-47.4.1.3. 81.4 47.4+1.3+81,4+ 60.4+ 54.9+6.2+102.5-47.4-1.3. 81.4 Total Assets 60.4+54.9+6,2+102.5 If the corporation has 37 million shares outstanding, what is its EPS in 2018? NOTE: Use the numbers as is. Use four decimals for your answers

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