for the total income that i got was 76800 and the common stock is 16000 but the 2% of dividends i got 400 is it 400000/20 times 2% if I did that right why am I still getting the wrong answer Effect of Financing on Earnings Per ShareBSF Co., which produces and sells skiing equipment, is financed as follows:Bonds payable, 10% (issued at face amount)Preferred 2% stock, $20 parCommon stock, $25 parIncome tax is estimated at 60% of income.$400,000400,000400,000Round your answers to the nearest cent.a. Determine the earnings per share of common stock, assuming that the income before bond interest and income tax is $192,000.76799 X per shareb. Determine the earnings per share of common stock, assuming that the income before bond interest and income tax is $232,000.per sharec. Determine the earnings per share of common stock, assuming that the income before bond interest and income tax is $272,000.per share

Earning per share is a ratio that tells about the earnings every shareholder is making per share…

Effect of Financing on Earnings Per Share BSF Co., which produces and sells skiing equipment, is financed as follows: Bonds payable, 10% (issued at face amount) Preferred 2% stock, $20 par Common stock, $25 par Income tax is estimated at 60% of income. Round your answers to the nearest cent. $400,000 400,000 400,000 a. Determine the earnings per share of common stock, assuming that the income before bond interest and income tax is $192,000. 76799 X per share b. Determine the earnings per share of common stock, assuming that the income before bond interest and income tax is $232,000. per share c. Determine the earnings per share of common stock, assuming that the income before bond interest and income tax is $272,000. per share

Effect of Financing on Earnings Per Share BSF Co., which produces and sells skiing equipment, is financed as follows: Bonds payable, 10% (issued at face amount) Preferred 2% stock, $20 par Common stock, $25 par Income tax is estimated at 60% of income. Round your answers to the nearest cent. $400,000 400,000 400,000 a. Determine the earnings per share of common stock, assuming that the income before bond interest and income tax is $192,000. 76799 X per share b. Determine the earnings per share of common stock, assuming that the income before bond interest and income tax is $232,000. per share c. Determine the earnings per share of common stock, assuming that the income before bond interest and income tax is $272,000. per share

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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