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Henriksen Co . , which produces and sells biking equipment, is financed as follows: Bonds payable, 5 % ( issued at face amount ) $

Henriksen Co., which produces and sells biking equipment, is financed as follows:
Bonds payable, 5%(issued at face amount) $6,000,000
Preferred $2.00 stock, $100 par 3,000,000
Common stock, $25 par 5,000,000
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) $900,000,(b) $1,100,000, and (c) $1,500,000.
Enter answers in dollars and cents, rounding to two decimal places.
a. Earnings per share on common stock $fill in the blank 1
b. Earnings per share on common stock $fill in the blank 2
c. Earnings per share on common stock $fill in the blank 3

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