Question
Earnings per share Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow: 20Y5 20Y6 Net income $1,504,000 $2,535,500 Preferred dividends
Earnings per share Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow:
20Y5 20Y6
Net income $1,504,000 $2,535,500
Preferred dividends $40,000 $40,000
Average number of common shares outstanding 80,000 shares 115,000 shares
a. Determine the earnings per share for 20Y5 and 20Y6. Round to two decimal places.
b. Is the change in the earnings per share from 20Y5 to 20Y6 favorable or unfavorable?
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Principles Of Financial Accounting (Chapters 1-17)
Authors: John Wild
25th Edition
1260780147, 9781260780147
