Income Statement for Xenon Manufacturing:

2008 2009

Total sales 202 212

Cost of sales

minus148

minus172

Gross Profit 54 40

Selling, general,

and administrative expenses

minus22

minus20

Research and development

minus8

minus7

Depreciation and amortization

minus4

minus3

Other income 4 6

Earnings before interest

and taxes (EBIT) 24 16

Interest income (expense)

minus7

minus4

Pretax income 14 12

Taxes

minus4

minus3

Net Income 10 9

Consider the above Income Statement for Xenon Manufacturing. All values are in millions of dollars. If Xenon Manufacturing has

2020

million shares outstanding, what is its EPS in

20082008 ?

A.

$ 0.50$0.50

B.

$ 0.25$0.25

C.

$ 0.60$0.60

D.

$ 0.40$0.40