Question
Earnings Per Share Financial statement data for the years ended December 31 for Dovetail Corporation follow: 20Y3 20Y2 Net income $445,000 $343,000 Preferred dividends $68,000
Earnings Per Share
Financial statement data for the years ended December 31 for Dovetail Corporation follow:
| 20Y3 | 20Y2 | |||
| Net income | $445,000 | $343,000 | ||
| Preferred dividends | $68,000 | $68,000 | ||
| Average number of common shares outstanding | 65,000 | shares | 50,000 | shares |
a. Determine the earnings per share for 20Y3 and 20Y2. Round your answers to two decimal places.
| 20Y3 | $ per share |
| 20Y2 | $ per share |
b. Does the change in the earnings per share from 20Y2 to 20Y3 indicate a favorable or an unfavorable trend?
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Accounting Regulation In Japan Evolution And Development From 2001 To 2015
Authors: Masatsugu Sanada, Yoshihiro Tokuga
1st Edition
0367221071, 9780367221072
