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Effect of Financing on Earnings per Share Domanico Co., which produces and sells biking equipment, Is financed as follows: Bonds payable, 10% (issued at face

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Effect of Financing on Earnings per Share Domanico Co., which produces and sells biking equipment, Is financed as follows: Bonds payable, 10% (issued at face amount) $200,000 Preferred $2 stock, $20 par Common stock, $25 par Income tax is estimated at 40% of income. 200,000 200,000 Determine the earnings per share on common stock, assuming that the income before bond Interest and income tax is (a) $62,000, (b) $82,000, and (c) $102,000. Enter answers in dollars and cents, rounding to two decimal places. a. Earnings per share on common stock I X b. Earnings per share on common stock 5 2 .15 c. Earnings per share on common stocks Remember to take interest, income tax and dividends into consideration

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