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The income statement shows that even though Sales were decreasing compared to 1997 peak, the cost of operations decreased causing the Earnings per share to increase. 3.3 Divisional Financial Statements. Table T-7 shows LM’s divisions and Selected financial data. The financial data includes Total Assets, Sales, Earnings before Income and Taxes (EBIT) and Net Capital Expenditures. 36% of the ... ................
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