Luther Corporation Consolidated Income Statement Year ended December 31 (in $ millions) 2012 610.1 (500.2) 109.9 Total sales Cost of sales Gross profit Selling, general, and administrative expenses Research and development Depreciation and amortization Operating income Other income Earnings before interest and taxes (EBIT) Interest income (expense) Pretax income Taxes Net income Price per share Shares outstanding (millions) Stock options outstanding (millions) Stockholders' Equity Total Liabilities and Stockholders' Equity (40.5) (24.6) (3.6) 41.2 --- $16 10.2 0.3 126.6 2011 578.3 (481.9) 96.4 533.1 (39.0) (22.8) 41.2 31.3 (25.1) (15.8) ** 16.1 15.5 (5.5) (5.3) 10.6 10.2 (3.3) 31.3 - $15 8.0 0.2 63.6 386.7 Calculate Luther's price - earnings ratio (P/E) for the year ending December 31, 2012

Luther Corporation Consolidated Income Statement Year ended December 31 (in $ millions) 2012 610.1 (500.2) 109.9 Total sales Cost of sales Gross profit Selling, general, and administrative expenses Research and development Depreciation and amortization Operating income Other income Earnings before interest and taxes (EBIT) Interest income (expense) Pretax income Taxes Net income Price per share Shares outstanding (millions) Stock options outstanding (millions) Stockholders' Equity Total Liabilities and Stockholders' Equity (40.5) (24.6) (3.6) 41.2 --- $16 10.2 0.3 126.6 2011 578.3 (481.9) 96.4 533.1 (39.0) (22.8) 41.2 31.3 (25.1) (15.8) ** 16.1 15.5 (5.5) (5.3) 10.6 10.2 (3.3) 31.3 - $15 8.0 0.2 63.6 386.7 Calculate Luther's price - earnings ratio (P/E) for the year ending December 31, 2012

Name: Luther CorporationConsolidated Income StatementYear ended December 31
Uploaded: 2024-03-05T11:47:04.000Z
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Description: Luther CorporationConsolidated Income StatementYear ended December 31 (in $ millions)Total salesCost of salesGross profitSelling, general, andadministrative expensesResearch and developmentDepreciation and amortizationOperating incomeOther incomeEar

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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