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Earnings per share Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow: Net income Preferred dividends Average number of
Earnings per share Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow: Net income Preferred dividends Average number of common shares outstanding 20Y5 20Y6 $1,506,000 $2,545,500 $50,000 $50,000 80,000 shares 115,000 shares a. Determine the earnings per share for 20Y5 and 20Y6. Round to two decimal places. 20Y5 20Y6 Earnings per Share $ $ b. Is the change in the earnings per share from 20Y5 to 20Y6 favorable or unfavorable?
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Financial Accounting in an Economic Context
Authors: Jamie Pratt
8th Edition
9781118139424, 9781118139431, 470635290, 1118139429, 1118139437, 978-0470635292
