Reference no: EM13576348

The question is, Determine for each plan the earnings per share of common stock, assuming that the income before bond interest and income tax is $30,000,000.this is how far i got on the problem Earnings per Share of Common Stock Plan 1 Plan 2 Plan 3 Earnings before bond interest and income tax $ 30,000,000 $ 30,000,000 $ 30,000,000 Bond interest %,0% Income before income tax $ 30,000,000 $ 30,000,000 Income tax 12,000,000 12,000,000 Net income Dividends on preferred stock 0% Earnings available for common stock ¸ Shares of common stock outstanding Earnings per share on common stock .