Mar 16th, 2015
RockCafe
Category:
Accounting
Price: \$45 USD

Question description

I will give you a website, you finish and save them, the question include:

chapter 14 .LONG-TERM LIABILITIES: BONDS AND NOTES

chapter 16: STATEMENT OF CASH FLOWS

chapter 17: FINANCIAL STATEMENT ANALYSIS

the question like this:

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) \$2,000,000 Preferred \$2 stock, \$20 par 2,000,000 Common stock, \$25 par 2,000,000

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) \$840,000, (b) \$1,040,000, and (c) \$1,240,000.

Enter answers in dollars and cents, rounding to the nearest cent.

a.  Earnings per share on common stock  \$

b.  Earnings per share on common stock  \$

c.  Earnings per share on common stock  \$

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