Kelton Co., which produces and sells skiing equipment, is financed as follows: I

Question

Kelton Co., which produces and sells skiing equipment, is financed as follows: 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) $10,000,000, (b) $12,000,000, and (c) $14,000,000. Enter answers in dollars and cents, rounding to the nearest whole cent. a. Earnings per share on common stock $ b. Earnings per share on common stock $ c. Earnings per share on common stock $

Explanation / Answer

taxes=40% and bond PAYBLE=8%==>TOTAL 48% FOR EXPENSES==> http://www.fasb.org/cs/BlobServer?blobkey=id&blobwhere=1175820931254&blobheader=application%2Fpdf&blobcol=urldata&blobtable=MungoBlobs THSI LINK SHOULD HELP

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