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Homework answers / question archive / Domanico Co
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 par850,000
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.
Enter answers in dollars and cents, rounding to two decimal places.
a. Earnings per share on common stock $fill in the blank 1
b. Earnings per share on common stock $fill in the blank 2
c. Earnings per share on common stock $
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