Qualls Corporation reported 2012 earnings per share of $7.21. In 2013, Qualls reported earnings per share as

Question:

Qualls reported 2012 earnings per share of $7.21. In 2013, Qualls reported earnings per share as follows.
On income before extraordinary item $6.40
On extraordinary item 1.88
On net income $8.28
Is the increase in earnings per share from $7.21 to $8.28 a favorable trend?

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...