Earnings per share Obj. 7 Financial statement data for the years 20Y5 and 20Y6 for Black Bull

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Earnings per share Obj. 7 Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow:

20Y6 20Y5 Net income $2,485,700 $1,538,000 Preferred dividends $50,000 $50,000 Average number of common shares outstanding 115,000 shares 80,000 shares

a. Determine the earnings per share for 20Y5 and 20Y6.

b. Is the change in the earnings per share from 20Y5 to 20Y6 favorable or unfavorable?

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Corporate Financial Accounting

ISBN: 9781337398176

15th Edition

Authors: Carl Warren, Jefferson Jones

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