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Sorenson Co. is considering the following alternative plans for financing the company: Plan 1 Plan...

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Accounting

Sorenson Co. is considering the following alternative plans for financing the company: Plan 1 Plan 2 Issue 10% Bonds (at face) Issue $10 par Common Stock Income tax is estimated at 40% of income. Plan 1 $120,000 Determine the earnings per share of common stock under the two alternative financing plans, assuming income before bond interest and income tax is $30,000. Round your answers to two decimal places. Plan 2 $80,000 $40,000 Check My Work 1 more Check My Work uses remaining. Previous Next
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Sorenaon ca. is corsidering the following aiternatuve plans for financing the companys acsowers to two decamal places

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