Effect of Financing on Earnings per Share Henriksen Co., which produces and sells biking equipment, is...

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Effect of Financing on Earnings per Share Henriksen Co., which produces and sells biking equipment, is financed as follows: Bonds payable, 10% (issued at face amount) Preferred $2 stock, $20 par Common stock, $25 par Income tax is estimated at 40% of income. $1,750,000 1,750,000 1,750,000 Determine the earnings per share of common stock, assuming that the income before bond interest and income tax is (a) $735,000, (b) $910,000, and (c) $1,085,000. Enter answers in dollars and cents, rounding to two decimal places. a. Earnings per share on common stock $ b. Earnings per share on common stock $ c. Earnings per share on common stock $ Effect of Financing on Earnings per Share Henriksen Co., which produces and sells biking equipment, is financed as follows: Bonds payable, 10% (issued at face amount) Preferred $2 stock, $20 par Common stock, $25 par Income tax is estimated at 40% of income. $1,750,000 1,750,000 1,750,000 Determine the earnings per share of common stock, assuming that the income before bond interest and income tax is (a) $735,000, (b) $910,000, and (c) $1,085,000. Enter answers in dollars and cents, rounding to two decimal places. a. Earnings per share on common stock $ b. Earnings per share on common stock $ c. Earnings per share on common stock $