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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) Preferred $1 stock, $10 par Common stock, $25 par $850,000 850,000 850,000 Income tax is estimated at 40% of income. Determine the earnings per share on common stock, assuming that the income before bond interest and income tax is (a) $314,500, (b) $399,500, and (c) $484,500. Enter answers in dollars and cents, rounding to two decimal places a. Earnings per share on common stock s b. Earnings per share on common stocks c. Earnings per share on common stock

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