MicroDrive Inc.: Income Statements for Years Ending December 31 (Millions of Dollars, Except for Per Share Data; Millions of Shares) 2016 59 Net sales 60 Costs of goods sold except depreciation 61 Depreciation and amortization 62Other operating expenses 63 Earnings before interest and taxes (EBIT) 64 Less interest 65 Pre-tax earnings 66 Taxes 67 Net Income before preferred dividends 68 Preferred dividends 69 Net Income available to common stockholders 2015 4,760 3,560 170 480 $500 550 100 $380 450 180 270 5,000 3,800 200 500 120 152 228 220 262 71 Additional Information $50 $170 50 $27 $48 $214 50 $40 Common dividends 73 Addition to retained earnings 74 Number of common shares 75 Stock price per share 76 77 Per Share Data 78 Earnings per share, EPSb 79 Dividends per share, DPS 80 Book value per share, BVPS $5.24 $0.96 $29.40$26.00 $4.40 $1.00 Source: See the file Ch02 Tool Kit.xlsx. Numbers are reported as rounded values for clarity, but are calculated using Excel's full precision. Thus, intermediate calculations using the figure's rounded values will be inexact. Notes: MicroDrive has no amortization charges. MicroDrive Inc.: Income Statements for Years Ending December 31 (Millions of Dollars, Except for Per Share Data; Millions of Shares) 2016 59 Net sales 60 Costs of goods sold except depreciation 61 Depreciation and amortization 62Other operating expenses 63 Earnings before interest and taxes (EBIT) 64 Less interest 65 Pre-tax earnings 66 Taxes 67 Net Income before preferred dividends 68 Preferred dividends 69 Net Income available to common stockholders 2015 4,760 3,560 170 480 $500 550 100 $380 450 180 270 5,000 3,800 200 500 120 152 228 220 262 71 Additional Information $50 $170 50 $27 $48 $214 50 $40 Common dividends 73 Addition to retained earnings 74 Number of common shares 75 Stock price per share 76 77 Per Share Data 78 Earnings per share, EPSb 79 Dividends per share, DPS 80 Book value per share, BVPS $5.24 $0.96 $29.40$26.00 $4.40 $1.00 Source: See the file Ch02 Tool Kit.xlsx. Numbers are reported as rounded values for clarity, but are calculated using Excel's full precision. Thus, intermediate calculations using the figure's rounded values will be inexact. Notes: MicroDrive has no amortization charges