Earnings per share Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow: Net income 20Y5 20Y5 20Y6 $1,556,000 Preferred dividends $60,000 Average number of common shares outstanding 80,000 shares a. Determine the earnings per share for 20Y5 and 20Y6. Round to two decimal places. 20Y6 $2,567,000 $60,000 115,000 shares Earnings per Share b. Is the change in the earnings per share from 20Y5 to 20Y6 favorable or unfavorable? A

Financial statement data for the years 20 Y 5 and 20 Y for Black Bull Inc. follow: a. Determine the earnings per share for 20 Y5 and 20Y6. Round to two decimal places. b. Is the change in the earnings per share from 20y5 to 20 y 6 favorable or unfavorable