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If Xenon Manufacturing has 20 million shares outstanding, what is its EPS in 2018? Income Statement for Xenon Manufacturing: 2018 2019 Total sales 202 212

If Xenon Manufacturing has 20 million shares outstanding, what is its EPS in 2018?

Income Statement for Xenon Manufacturing:

2018 2019

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

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