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Income Statement for Xenon Manufacturing: 2008 2009 202 212 - 172 40 Total sales Cost of sales Gross Profit Selling, general. and administrative -148 54

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Income Statement for Xenon Manufacturing: 2008 2009 202 212 - 172 40 Total sales Cost of sales Gross Profit Selling, general. and administrative -148 54 -22 -20 expenses Research and -8 -7 -3 4 development Depreciation and amortization Other income Earnings before interest and taxes (EBIT) Interest income lexpense) 24 16 -7 -4 Pretax income 14 12 Taxes -4 -3 Net Income 10 9 Consider the above Income Statement for Xenon Manufacturing. All values are in millions of dollars. If Xenon Manufacturing has 20 million shares outstanding, what is its EPS in 2008? O $0.50 $0.60 O $0.40 $0.25

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