Boice Corporation and Hamlin Corporation have both earned $170,000 before bond interest and taxes. The companies have the same number of outstanding shares but different capital structures. The bond and stocks have been outstanding all year. Calculate the earnings per share of common stock for both companies from the following:

Transcribed Image Text:

8% Bond Payable 8% Preferred stock Common stock $15 par, 30,000 shares outstanding Operating income before interest and taxes (assume a 25% tax rate) Boice 180,000 -0- 450,000 170,000 Hamlin -0- 180,000 450,000 170,000