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Henriksen Co., which produces and sells biking equipment, is financed as follows: Bonds payable, 10% (issued at face amount) Preferred $2 stock, $20 par
Henriksen Co., which produces and sells biking equipment, is financed as follows: Bonds payable, 10% (issued at face amount) Preferred $2 stock, $20 par Common stock, $25 par Income tax is estimated at 40% of income. $1,950,000 1,950,000 1,950,000 Determine the earnings per share of common stock, assuming that the income before bond interest and income tax is (a) $799,500, (b) $994,500, and (c) $1,189,500. 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 $ c. Earnings per share on common stock $ x X
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