Business, 20.02.2020 23:05 yeetusbobeetus

Income Statement for CharmCorp:

2008 2009

Total sales 600 540

Cost of sales -532 -488

Gross Profit 68 52

Selling, general,

and administrative expenses -36 -21

Research and development -4 -5

Depreciation and amortization -5 -5

Operating Income 23 21

Other income 1 5

Earnings before interest

and taxes (EBIT) 24 26

Interest income (expense) -7 -7

Pretax income 14 19

Taxes -4 5

Net Income 10 14

Consider the above Income Statement for CharmCorp. All values are in millions of dollars. If CharmCorp. has 4 million shares outstanding, and its managers and employees have stock options for 2 million shares, what is its diluted EPS in 2008?

A) $3.5

B) $2.5

C) $1.67

D) $2.33

E) $4.00

F) None of the above

Answers: 2

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Income Statement for CharmCorp:

2008 2009

Total sales 600 540

Co...

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