All values are in millions of dollars. If Xenon Manufacturing has 21 million shares outstanding, what is its EPS in 2009?
All values are in millions of dollars. If Xenon Manufacturing has 21 million shares outstanding, what is its EPS in 2009?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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
−22
−20
Research and development
−8
−7
−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
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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