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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) $360,000, (b) $440,000, and (c) $520,000. Enter answers in dollars and cents, rounding to two decimal places. a. Earnings per share on common stock X b. Earnings per share on common stock q c. Earnings per share on common stock $
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