Answers to Text Discussion Questions

Table T-6 shows LM Consolidated Income statement for 1996-1998 and the recent 1999 third quarter Earnings Report. The bottom line Earnings per share is $2.66 for 1998. 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. ................
................

In order to avoid copyright disputes, this page is only a partial summary.