Question
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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