Earnings per share Obj. 7 Financial statement data for the years 20Y2 and 20Y3 for Dovetail Corporation
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Earnings per share Obj. 7 Financial statement data for the years 20Y2 and 20Y3 for Dovetail Corporation follow:
20Y3 20Y2 Net income $448,750 $376,000 Preferred dividends $40,000 $40,000 Average number of common shares outstanding 75,000 shares 60,000 shares
a. Determine the earnings per share for 20Y2 and 20Y3.
b. Is the change in the earnings per share from 20Y2 to 20Y3 favorable or unfavorable?
AppendixLO1
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Related Book For
Corporate Financial Accounting
ISBN: 9781337398176
15th Edition
Authors: Carl Warren, Jefferson Jones
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