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

Income Statement for Xenon Manufacturing:


2008

2009

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

Consider the above Income Statement for Xenon Manufacturing. All values are in millions of dollars. If Xenon Manufacturing has 21 million shares outstanding, what is its EPS in 2009?


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