The following table is taken from Case Assignment 1. The table reports earnings per share of $0.40 for the first quarter of 2001. What would the EPS have been if the operating profit had been $56900 instead? Table 4 Quarterly Income Statement, 2001E ($ Thousands) Q1A Q2E Q1+02E Q3E Net Sales $461,900 $521,050 $982,950 $610,340 Q1-Q3E $1,593,290 Q4E 2001E $671,180 $2,264,470 Costs and Expenses 415,000 464,047 879,047 535,024 1,414,071 578,889 1,992,960 Operating Profit $46,900 $57,003 $103,903 $75,316 $179,219 $92,291 $271,510 Margin % 10.2% 10.9% 10.6% 12.3% 11.2% 13.8% 12.0% Interest Expense-Net 23,900 18,200 42,100 17,500 59,600 17,043 76,643 Pretax Income $23,000 $38,803 $61,803 $57,816 $119,619 $75,248 $194,867 Margin % 5.0% 7.4% 6.3% 9.5% 7.5% 11.2% 8.6% Taxes 8,800 14,939 23,739 22,259 45,998 29,025 75,024 Tax Rate 38.3% 38.5% 38.4% 38.5% 38.5% 38.6% 38.5% Minority Interest 0 2,000 2,000 2,000 4,000 2,000 6,000 Net Income-Operations $14,200 $21,864 $36,064 $33,557 $69,621 $44,223 $113,843 EPS-Operations - diluted $0.40 $0.56 $0.96 $0.83 $1.77 $1.07 $2.85 Shares-Millions-FD 35,800 39,200 37,500 40,500 39,300 41,300 40,000 Backlog (funded) $1,401 Cash 39,000 Debt 1,105,000 Equity 726,200 Debt/Equity 152% Net Debt/Equity 147% Net Debt/Cap 58% % Change: Net Sales 22% 13% 17% 19% 18% 20% 19% Operating Profit 35% 15% 23% 20% 22% 22% 22% Pretax Income 28% 45% 39% 49% 43% 49% 45% Net Income-Operations 30% 33% 32% 39% 35% 42% 38% EPS-Operations-FD 25% 18% 22% 21% 20% 21% 20% E = Credit Suisse First Boston Research Estimates A=Actual