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Determine the earnings per share of common stock

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Reference no: EM132933232

Question - Henriksen Co., which produces and sells biking equipment, is financed as follows: Bonds payable, 10% (issued at face amount)$500,000Preferred $2 stock, $20 par500,000Common stock, $25 par500,000

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) $200,000, (b) $250,000, and (c) $300,000.

Reference no: EM132933232

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