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HE ASSIGNMENT RESOURCES Pre-Class Chpt 11 CALCULATORPRINTER VERSION BACK NEXT Brief Exercise 11-11 (Part Level Submission) Windsor, Inc.currently has 700,000 shares of common stock outstanding.
HE ASSIGNMENT RESOURCES Pre-Class Chpt 11 CALCULATORPRINTER VERSION BACK NEXT Brief Exercise 11-11 (Part Level Submission) Windsor, Inc.currently has 700,000 shares of common stock outstanding. Windsor, Inc. is considering these two alternatives to finance its construction of a new $1.60 milion plant 2A 1. 2. Issuance of 160,000 shares of common stock at the market price of $10 per share. Issuance of $1.60 million, 7% bonds at face value. 12 Brief Exercise 11 10 Brief Exercise 11 (Part Leve ? (a) Complete the table. (Round earnings per share to 2 decimal places, e.g. $2.66.) Issue Stock Issue Bonds Review Score Revicw Results by Income before interest and taxes Interest expense from bonds Income before income taxes Income tax expense (30%) $1,600,000 $1,600,000 Net income Outstanding shares 700,000 Earnings per share LINK TO TEKT Attempts: 0 of 3 used
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