7. Earnings per share is calculated a) only for common shares. b) only for preferred shares. c) for common and preferred shares. d) only for bonds. 13. Lovely Things Boutique reported revenue of $500,000 in 2017 and $446,500 in 2016. The horizontal percentage change from 2016 to 2017 is a) 9%. b) 10%. c) 11% d) 12%