Henriksen Co., which produces and sells biking equipment, is financed as follows: ...
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Accounting
Henriksen Co., which produces and sells biking equipment, is financed as follows:
| Bonds payable, 10% (issued at face amount) | $600,000 |
| Preferred $2 stock, $20 par | 600,000 |
| Common stock, $25 par | 600,000 |
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) $294,000, (b) $354,000, and (c) $414,000.
Enter answers in dollars and cents, rounding to two decimal places.
a. Earnings per share on common stock $fill in the blank 1
b. Earnings per share on common stock $fill in the blank 2
c. Earnings per share on common stock $
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