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Earnings Per Share Financial statement data for years ending December 31 for Jardine Company are shown below. 2016 2015 Net income $590,000 $496,000 Preferred dividends
Earnings Per Share
Financial statement data for years ending December 31 for Jardine Company are shown below.
| 2016 | 2015 | |||
| Net income | $590,000 | $496,000 | ||
| Preferred dividends | $90,000 | $90,000 | ||
| Average number of common shares outstanding | 50,000 | shares | 40,000 | shares |
a. Determine the earnings per share for 2016 and 2015. Round your answers to two decimal places.
| 2016 | $ per share |
| 2015 | $ per share |
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