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Effect of Financing on Earnings per Share Henriksen Co., which produces and sells biking equipment, is financed as follows: Income tax is estimated at 40%
Effect of Financing on Earnings per Share Henriksen Co., which produces and sells biking equipment, is financed as follows: 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) $787,500, (b) $1,012,500, and (c) $1,237,500. Enter answers in dollars and cents, rounding to two decimal places. a. Earnings per share on common stock $ b. Earnings per share on common stock $ C. Earnings per share on common stock \$
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