MNQ Company
Income statement ($000 – Except for per share information)20082007200620052004
Sales$1,200$1,100$880$750$875
Cost of goods sold$540$550$264$360$306
Selling, general, and administrative expenses$180$200$165$210$180
Depreciation$200$20$100$5$75
Operating income$280$330$351$175$314
Other income$40$30$20$18$30
Earnings before interest and taxes (EBIT)$320$360$371$193$344
Interest expense$28$27$26$25$24
Earnings before taxes (EBT)$292$333$345$169$320
Taxes (35%)$102$117$121$59$112
Net income$190$217$224$110$208
Addition to retained earnings$45$55$200$85$120
Dividends$145$162$24$25$88
Additional Information:
Shares outstanding5050505050
Book value per share2725.524.219.617.7
Market price per share2118.5181625
Earnings per share$3.80$4.33$4.49$2.19$4.15
Dividends per share$2.90$3.23$0.49$0.49$1.75