FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Luther Corporation
Consolidated Income Statement
Year ended December 31 (in $ millions)
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
2012
610.1
(500.2)
109.9
(40.5)
(24.6)
(3.6)
41.2
---
$16
10.2
126.6
2011
578.3
(481.9)
96.4
41.2
31.3
(25.1) (15.8)
#
16.1
(5.5)
15.5
(5.3)
10.2
10.6
533.1
(39.0)
(22.8)
(3.3)
31.3
$15
8.0
0.2
502
63.6
386.7
Calculate Luther's price - earnings ratio (P/E) for the year ending December 31, 2012
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Transcribed Image Text:Luther Corporation Consolidated Income Statement Year ended December 31 (in $ millions) 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 2012 610.1 (500.2) 109.9 (40.5) (24.6) (3.6) 41.2 --- $16 10.2 126.6 2011 578.3 (481.9) 96.4 41.2 31.3 (25.1) (15.8) # 16.1 (5.5) 15.5 (5.3) 10.2 10.6 533.1 (39.0) (22.8) (3.3) 31.3 $15 8.0 0.2 502 63.6 386.7 Calculate Luther's price - earnings ratio (P/E) for the year ending December 31, 2012
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