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Determine the earnings per share on common stock

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Question - Domanico Co., which produces and sells biking equipment, is financed as follows: if Bonds payable, 10% (issued at face amount)$850,000Preferred $2 stock, $20 par850,000Common stock, $25 par 850,000

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) $348,500, (b) $433,500, and (c) $518,500.

Reference no: EM132965213

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