accounting

Project Description:

effect of financing on earnings per share
miller co., which produces and sells skiing equipment, is financed as follows:
bonds payable, 10% (issued at face amount) $10,000,000
preferred $1 stock, $10 par $10,000,000
common stock, $25 par 10,000,000
income tax is estimated at 40% of income. determine the earnings per share of common stock, assuming that the income before bond interest and income tax is (a) $3,000,000, (b) $4,000,000, and (c) $5,000,000.
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Price Type: Negotiable

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