Question: Complete the Schedule Below Calculating Earnings Per Share a) No Debt : $400,000 Common Equity, 4,000 Shares 30% Tax Rate Net Income to Common Earnings
| Complete the Schedule Below Calculating | |||||
| Earnings Per Share | |||||
| a) No Debt : $400,000 Common Equity, 4,000 Shares 30% Tax Rate | |||||
| Net Income | |||||
| to Common | Earnings | ||||
| EBIT | Interest | EBT | Taxes | Shareholders | Per Share |
| $40,000 | |||||
| $80,000 | |||||
| $120,000 | |||||
| $160,000 | |||||
| b) $100,00 debt; 7% interest; $300,000 Common Equity; 3,000 shares; 30% Tax Rate | |||||
| Net Income | |||||
| to Common | Earnings | ||||
| EBIT | Interest | EBT | Taxes | Shareholders | Per Share |
| $40,000 | |||||
| $80,000 | |||||
| $120,000 | |||||
| $160,000 | |||||
| c) $200,000 debt. 7% interest; $200,00 Common Equity, 2,000 shares, 30% Tax Rate | |||||
| Net Income | |||||
| to Common | Earnings | ||||
| EBIT | Interest | EBT | Taxes | Shareholders | Per Share |
| $40,000 | |||||
| $80,000 | |||||
| $120,000 | |||||
| $160,000 | |||||
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