Effect of Financing on Earnings per Share
Henriksen Co which produces and sells biking equipment, is financed as follows:
Bonds payable, issued at face amount
$
Preferred $ stock, $ par
Common stock, $ par
Income tax is estimated at of income.
Determine the earnings per share of common stock, assuming that the income before bond interest and income tax is a $$ and c $
Enter answers in dollars and cents, rounding to two decimal places.
a Earnings per share on common stock $
b Earnings per share on common stock $
c Earnings per share on common stock $
