I was able to calculate A.) But I need help with B & C Kelton Co., which produce

Question

I was able to calculate A.) But I need help with B & C


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 $ 1.30

b. Earnings per share on common stock $

c. Earnings per share on common stock $

Explanation / Answer

Your chart describing how the company is financed did not come over! Repost with the financing information, and we'll do our best to help. :)

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