Use the Table for the Question(s)below

question 66

Multiple Choice

Use the table for the question(s) below.
Income Statement for Xenon Manufacturing:

-Consider the above Income Statement for Xenon Manufacturing.All values are in millions of dollars.If Xenon Manufacturing has 25 million shares outstanding,what is its EPS in 2015?

• A)$0.36
• B)$0.40
• C)$0.63
• D)$0.84
• E)$0.64

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Definitions:

Component

A part or element that combines with others to form a whole system or product.

Contribution Margin

The amount of revenue from sales that remains after variable costs are subtracted, useful in determining the profitability of individual products or services.

Annual Fixed Costs

The total fixed costs incurred by a business in a year, including rent, salaries, and insurance, which do not vary with production volume.

Financial Advantage

The benefit gained in a financial context that puts an individual, company, or country in a better position than others.