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Earnings per share Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow: 20Y5 20Y6 Net income $1,328,000 $2,560,000 Preferred
Earnings per share Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow: 20Y5 20Y6 Net income $1,328,000 $2,560,000 Preferred dividends $40,000 $40,000 Average number of common shares 70,000 shares 120,000 shares outstanding a. Determine the earnings per share for 2015 and 2016. Round to two decimal places. Earnings per Share 20Y5 20Y6 $ b. Is the change in the earnings per share from 20Y5 to 20Y6 favorable or unfavorable? Favorable
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Management Accounting Information for Decision-Making and Strategy Execution
Authors: Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young
6th Edition
137024975, 978-0137024971
