Earnings Per Share

Financial statement data for years ending December 31 for Jardine Company are shown below.

2016		2015
Net income	$1,144,500		$912,000
Preferred dividends	$175,000		$175,000
Average number of common shares outstanding	70,000	shares	55,000	shares

a. Determine the earnings per share for 2016 and 2015. Round your answers to two decimal places.

2016	$ per share
2015	$ per share

b. Does the change in the earnings per share from 2015 to 2016 indicate a favorable or an unfavorable trend?