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Based on the information above, what is the is the firm's EPS? Group of answer choices $7.55 $6.80 $5.84 $6.47

Based on the information above, what is the is the firm's EPS? Group of answer choices $7.55 $6.80 $5.84 $6.47

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Based on the information above, what is the is the firm's EPS?

Group of answer choices
$7.55
$6.80
$5.84
$6.47
**Great Inc. Financial Overview** The balance sheet and income statement provided below outline the financial performance of Great Inc. Note that the firm does not incur amortization charges, does not lease any assets, has no debt due for retirement over the next five years, and plans to roll over notes payable. **Balance Sheet (Millions of $)** - **Assets (2016)** - Cash and Securities: $1,554.0 - Accounts Receivable: $9,660.0 - Inventories: $13,440.0 - **Total Current Assets:** $24,654.0 - Net Plant and Equipment: $17,346.0 - **Total Assets:** $42,000.0 - **Liabilities and Equity (2016)** - Accounts Payable: $7,980.0 - Notes Payable: $5,880.0 - Accruals: $4,620.0 - **Total Current Liabilities:** $18,480.0 - Long-term Bonds: $10,920.0 - **Total Liabilities:** $29,400.0 - Common Stock: $3,360.0 - Retained Earnings: $9,240.0 - **Total Common Equity:** $12,600.0 - **Total Liabilities and Equity:** $42,000.0 **Income Statement (Millions of $)** - **2016 Financials** - Net Sales: $58,800.0 - Operating Costs Except Depreciation: $54,978.0 - Depreciation: $1,029.0 - **Earnings Before Interest and Taxes (EBIT):** $2,793.0 - Less Interest: $1,050.0 - **Earnings Before Taxes (EBT):** $1,743.0 - Taxes: $610.1 - **Net Income:** $1,133.0 **Other Data** - Shares Outstanding (millions): 150.0 - Common Dividends: $509.83 - Interest Rate on Notes Payable & Long-Term Bonds: 6.25% - Federal Plus State Income Tax Rate: 35% - Year-End Stock Price: $105.75
Transcribed Image Text:**Great Inc. Financial Overview** The balance sheet and income statement provided below outline the financial performance of Great Inc. Note that the firm does not incur amortization charges, does not lease any assets, has no debt due for retirement over the next five years, and plans to roll over notes payable. **Balance Sheet (Millions of $)** - **Assets (2016)** - Cash and Securities: $1,554.0 - Accounts Receivable: $9,660.0 - Inventories: $13,440.0 - **Total Current Assets:** $24,654.0 - Net Plant and Equipment: $17,346.0 - **Total Assets:** $42,000.0 - **Liabilities and Equity (2016)** - Accounts Payable: $7,980.0 - Notes Payable: $5,880.0 - Accruals: $4,620.0 - **Total Current Liabilities:** $18,480.0 - Long-term Bonds: $10,920.0 - **Total Liabilities:** $29,400.0 - Common Stock: $3,360.0 - Retained Earnings: $9,240.0 - **Total Common Equity:** $12,600.0 - **Total Liabilities and Equity:** $42,000.0 **Income Statement (Millions of $)** - **2016 Financials** - Net Sales: $58,800.0 - Operating Costs Except Depreciation: $54,978.0 - Depreciation: $1,029.0 - **Earnings Before Interest and Taxes (EBIT):** $2,793.0 - Less Interest: $1,050.0 - **Earnings Before Taxes (EBT):** $1,743.0 - Taxes: $610.1 - **Net Income:** $1,133.0 **Other Data** - Shares Outstanding (millions): 150.0 - Common Dividends: $509.83 - Interest Rate on Notes Payable & Long-Term Bonds: 6.25% - Federal Plus State Income Tax Rate: 35% - Year-End Stock Price: $105.75
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