Prepare an income statement and compute earnings per share, with formulas.
Homework Answers
Statement of Income
| Particulars | Amount ($) |
| Sales | 66832000000 |
| Less: cost of goods sold | 33449000000 |
| Gross profit | 33383000000 |
| Less: selling & admin. exps | 18602000000 |
| EBDITA | 14781000000 |
| Less: Depreciation | 1000000000 |
| EBIT | 13781000000 |
| Less: Interest exps. | 506000000 |
| EBT | 13275000000 |
| Less: Tax exps. | 3465000000 |
| EAT | 9810000000 |
| Less: preferred stock dividend | 100000000 |
| Earning for equity share holders | 9710000000 |
EPS = Earning for equity / No. of Equity shares outstanding
Common shares outstanding as given in question is $2490000000. Assuming the face value of share be $1/ share.
Thus the total no. of equity shares outstanding are $24900000000/$1 = 2490000000.
Thus EPS =$9710000000/2490000000
= $3.899/ share
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Prepare an income statement and compute earnings per share, with
formulas.
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