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Kelton Co., which produces and sells skiing equipment, is financed as follows: Income tax is estimated at 40% of income. Determine the earnings per share
Kelton Co., which produces and sells skiing equipment, is financed as follows: Income tax is estimated at 40% of income. Determine the earnings per share on common stock, assuming that the income before bond interest and income tax is (a) $10,000,000, (b) $12,000,000, and (c) $14,000,000. Enter answers in dollars and cents, rounding to the nearest whole cent. 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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