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Ulmer Company Is Considering the Following Alternative Financing Plans

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Ulmer Company is considering the following alternative financing plans:
Ulmer Company is considering the following alternative financing plans: Income tax is estimated at 35% of income. Dividends of $1 per share were declared and paid on the preferred stock. Required: Determine the earnings per share of common stock, assuming income before bond interest and income tax is $600,000. Income tax is estimated at 35% of income. Dividends of $1 per share were declared and paid on the preferred stock.
Required: Determine the earnings per share of common stock, assuming income before bond interest and income tax is $600,000.

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