Effect of financing on earnings per share miller co which

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Reference no: EM13613362

Effect of Financing on Earnings per Share Miller Co., which produces and sells skiing equipment, is financed as follows: Bonds payable, 10% (issued at face amount) $1,100,000 Preferred $1 stock, $10 par 1,100,000 Common stock, $25 par 1,100,000 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) $352,000, (b) $462,000, and (c) $572,000. Enter answers in dollars and cents, rounding to the nearest cent

Reference no: EM13613362

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