Chapter10: Financial Statements And Reports
Section: Chapter Questions
Problem 3.1C
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Transcribed Image Text:Calculate Earnings Per Share and Dividend Per Share for 2018 and 2019T
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25
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hp
Transcribed Image Text:busn210 final 2020-21 Spring - Word
Maria Matyola
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X Company: Income Statements for the Years Ending December 31 (Millions of Dollars, Except
for Per Share Data)
2018
2019
Net
Sales
4000
4250
Operating Costs except depreciation
and amortization
3750
3900
Depreciation and amortization
100
90
Total operating costs
Operating income, or earnings before interest
and taxes
3850
3990
150
260
Less interest
50
60
Earnings before taxes
100
200
Taxes (25%)
25
50
Net Income
75
150
Total Dividends
25
25
Additional to retained earning
50
125
Calculate
Common Stock Price
25
25
Earnings Per Share
Dividend Per Share
Note: X company has 30 million shares of common stocks outstanding. Earnings Per Share is
based on net income available to common stockholders
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