Homework Help is Here – Start Your Trial Now!
Business
Accounting
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​?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
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
Depreciation and amortization                                                                                                                                                                                                         
−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​?
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Ratio Analysis
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS