Normalised the earnings accordingly and calculate the


The following table presents the most recent income statement of Company ELA. The footnote of the 10-K filing mentions that the company recorded the following one-time items: impairment charge of $10m pre-tax (generally included in "other operating costs/expenses"); restructuring charge of $15m pre-tax; gains from selling a warehouse of $2m pre-tax. Normalised the earnings accordingly and calculate the adjusted diluted EPS. 

Income Statement FY 2017

Sales 1000

COGS 615

Gross Profit 385

S,G&A 230

Restructuring Charges 15

Operating Income (EBIT) 140

Interest Expense 35

EBT 105

Taxes (21%) 22.05

NI 82.95

Weighted Average Diluted Shares 30

Diluted Earnings Per Share 2.77

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Finance Basics: Normalised the earnings accordingly and calculate the
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