EXHIBIT 2 | American Greetings Income Statement (USD millions; Fiscal year ends February of subsequent yoar) 2011 (Est) (Ends Feb 2012) 2008 2009 2010 Total American Greetings Figures Total Revenue 1,691 1,636 1,593 1,677 Material, Labor, and Other Production Costs 810 713 682 743 508 Selling, Distribution, and Marketing Expenses Administrative and General Expenses Goodwill and Other Intangible Asset Impairments 619 478 526 226 276 261 258 290 Other operating expenses Operating Income (6) (253) 139 175 157 Net Interest and Other Non Operating Expenses Income Before Income Tax Expense 18 22 (275) 19 28 129 121 156 (47) (228) Income Tax Expense 39 69 47 Net Income 82 87 82 Earnings Por Sharo (Basic) Dividends per Share (4.89) 2.07 2.18 2.22 0.60 0.36 0.56 0.60 Average Number of Shares Outstanding (MIllons) 46.5 39.5 40.0 38.50
EXHIBIT 2 | American Greetings Income Statement (USD millions; Fiscal year ends February of subsequent yoar) 2011 (Est) (Ends Feb 2012) 2008 2009 2010 Total American Greetings Figures Total Revenue 1,691 1,636 1,593 1,677 Material, Labor, and Other Production Costs 810 713 682 743 508 Selling, Distribution, and Marketing Expenses Administrative and General Expenses Goodwill and Other Intangible Asset Impairments 619 478 526 226 276 261 258 290 Other operating expenses Operating Income (6) (253) 139 175 157 Net Interest and Other Non Operating Expenses Income Before Income Tax Expense 18 22 (275) 19 28 129 121 156 (47) (228) Income Tax Expense 39 69 47 Net Income 82 87 82 Earnings Por Sharo (Basic) Dividends per Share (4.89) 2.07 2.18 2.22 0.60 0.36 0.56 0.60 Average Number of Shares Outstanding (MIllons) 46.5 39.5 40.0 38.50
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Interprete the income statement.
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