Homework Answers
Answer: 13.79% and $ 2.10
Rationale:
The values in income statement are given in thousands.
Total revenue = $ 580,000,000
Operating profit = $ 80,000,000
(A) Operating profit margin = 100 × (Operating Profit/ Total Revenue)
Operating profit margin = 100 × (80,00,000/ 580,000,000)
Operating profit margin = 13.79%
(B) Number of shares = 20,000,000
New Profit = $ 42,000,000
Earnings per share (EPS) = Net Profit/ Number of shares
Earnings per share (EPS) = $ 42,000,000/ 20,000,000
Earnings per share (EPS) = $ 2.10
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