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Earnings per share Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow: Net income $2,666,000 $1,359,000 Preferred dividends $50,000 $50,000
Earnings per share Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow: Net income $2,666,000 $1,359,000 Preferred dividends $50,000 $50,000 Average number of common shares outstanding 120,000 shares 70,000 shares a. Determine the Earnings per share for 20Y5 and 20Y6. Round to two decimal places. $ Favorable 20Y6 20Y5 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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