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Lucrative 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






Net income






Price per share



Shares outstanding (millions)



Stock options outstanding (millions)






Stockholders' Equity



Total Liabilities and Stockholders' Equity



Show computations.

[A] For the year ending December 31, 2006 find out Lucrative's earnings per share?

[B] Suppose that Lucrative has no convertible bonds outstanding. Then for the year ending December 31, 2006 find out Luther's diluted earnings per share?

[C] find out Lucrative's Operating Margin for the year ending December 31, 2005?

[D] find out Lucrative's Net Profit Margin for the year ending December 31, 2005?

[E] find out Lucrative's earnings before interest, taxes, depreciation, & amortization (EBITDA) for the year ending December 31, 2006?

[F] find out Lucrative's returns on equity (ROE) for the year ending December 31, 2006?

[G] find out Lucrative's price - earnings ratio (P/E) for the year ending December 31, 2006?

[H] If Locative's accounts receivable were $55.5 million in 2006, then compute Luther's accounts receivable days for 2006.

Cost Accounting, Accounting

  • Category:- Cost Accounting
  • Reference No.:- M922536

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