Unlock access to all the studying documents.
View Full Document
An asterisk (*) will appear to the right of an incorrect entry. The essay answer will not be graded.
Enter a zero in cells you would otherwise leave blank.
1.
Plan 1 Plan 2 Plan 3
Earnings before bond interest and income tax
Bond interest
Income tax
Net income
Dividends on preferred stock
Earnings available for common stock
Shares of common stock outstanding
Earnings per share on common stock
Earnings before bond interest and income tax
Bond interest
Income tax
Net income
Dividends on preferred stock
Earnings available for common stock
Shares of common stock outstanding
Earnings per share on common stock
3.
Cells with non-gray backgrounds are protected and cannot be edited.
Earnings per Share of Common Stock
Answers are entered in the cells with gray backgrounds.
Earnings per Share of Common Stock
An asterisk (*) will appear to the right of an incorrect entry. The essay answer will not be graded.
Enter a zero in cells you would otherwise leave blank.
1.
Plan 1 Plan 2 Plan 3
Earnings before bond interest and income tax 2,100,000$ 2,100,000$ 2,100,000$
Bond interest – – 720,000
Cells with non-gray backgrounds are protected and cannot be edited.
Earnings per Share of Common Stock
Earnings per Share of Common Stock
Answers are entered in the cells with gray backgrounds.