Worldwide Widget Manufacturing Inc hcome Statement for Years

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

Solution

(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