Question: Please post so that the answer isnt half cut off! thanks! Question Content Area Effect of Financing on Earnings per Share Henriksen Co., which produces
Question Content Area Effect of Financing on Earnings per Share Henriksen Co., which produces and sells biking equipment, in financed as follows: Bonds payable, 10% (issued at face amount) $650,000 Preferred $1 stock, $10 par 650,000 Common stock, $25 par 650,000 Income tax is entimated at 40% of income Determine the eamings per share of common stock, assuming that the income before bond interest and income tax in () $253,500, (b) $310,500, and (0)6323,500, 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 6. Earnings per share on common stock
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