4000 4250 Operating Costs except depreciation and amortization 3750 3900 Depreciation and amortization 100 90 Total operating costs
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X Company: Income Statements for the Years Ending December 31 ( Millions of Dollars, Except for Per Share Data) |
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1995 |
1996 |
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Net Sales |
4000 |
4250 |
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Operating Costs except |
3750 |
3900 |
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Depreciation and amortization |
100 |
90 |
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Total operating costs |
3850 |
3990 |
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Operating income, or earnings before interest and taxes |
150 |
260 |
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Less interest |
50 |
60 |
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Earnings before taxes |
100 |
200 |
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Taxes (25%) |
25 |
50 |
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Net Income |
75 |
150 |
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Total Dividends |
25 |
25 |
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Additional to |
50 |
125 |
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Calculate |
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Common Stock Price |
25 |
25 |
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Earnings Per Share |
______________ |
____________________ |
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Dividend Per Share |
______________ |
____________________ |
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Note: X company has 30 million shares of common stocks outstanding. Earnings Per Share is based on net income available to common stockholders |
Calculate Earnings Per Share and Dividend Per Share for 1995 and 1996
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