Worldwide Widget Manufacturing, Inc. hcome Statement for Years Ending December 3

Question

Worldwide Widget Manufacturing, Inc. hcome Statement for Years Ending December 31, 2015 and 2014 (in millions of dollars) 2015 2014 Net sales Less: Cost of goods sold Gross profits Less: Other operating expenses Earnings before interest, taxes, depreciation, and amortization (EBITDA Less: Depreciation Earnings before interest and taxes (EBIT) Less: Interest Earnings before taxes (EBT) Less: Taxes Net income Less: Preferred stock dividends Net income available to common stock holders Less: Common stock dividends Addition to retained earnings Per (common) share data Earnings per share (EPS) Dividends per share (DPS) Book value per share (BVPS) Market value per share (MVPS) g. $2,018 753 h. ? $1,623 $1,189 423-167 ) $1,200 $1,022 114 $1,086 908 128 $ 780 234 $ 664 546 98 98 $ 566 448 199 s 347 249 114 j. ? 219 k. ? $0.88 m. $23.97 $1.79 $5.77 $22.47 g. Net sales for 2015_ h. Less: Cost of goods sold for 2014 i. Less: Interest for 2015 j. Less: Taxes for 2015 k. Earnings per share (EPS) for 2015 I. Dividends per share (DPS) for 2014 m. Book value per share (BVPS) for 2015

Explanation / Answer

(Amounts in million) Answer g. Net Sales for 2015 = $753 (Cost of Goods Sold) + $1,623 (Gross Profit) Net Sales for 2015 = $2,376 Answer h. Cost of Goods Sold for 2014 = $2,018 (Sales) - $1,189 (Gross Profit) Cost of Goods Sold for 2014 = $829 Answer i. Interest for 2015 = $1,086 (EBIT) - $949 (EBT) Interest for 2015 = $137 Answer j. Taxes for 2015 = $949 (EBT) - $664 (Net Income) Taxes for 2015 = $285 Answer k, l & m. Cannot be calculated as: 1. No. of Common Shares are not given 2. Preference Shares - Amount Earning Per Share = (Net Income - Preference Dividends) / No. of Common Shares Dividend per Share = Dividend Paid - Common Shares / No. of Common Shares Book Value per share = (Total Sharteholders' Equity - Preference Stock) / No. of Common Shares

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