Question
Financial information for Semester Company for three recent years is as follows: Fiscal Years Ended Year 3 Year 2 Year 1 Net income $41,729 $35,379
Financial information for Semester Company for three recent years is as follows:
| Fiscal Years Ended | ||||||
| Year 3 | Year 2 | Year 1 | ||||
| Net income | $41,729 | $35,379 | $27,296 | |||
| Preferred dividends | $1,137 | $897 | $640 | |||
| Average number of common shares outstanding | 4,300 | 4,200 | 3,400 | |||
Determine the earnings per share for fiscal Year 3, Year 2, and Year 1. Round to two decimal places.
| Year 3 Earnings | $ per share |
| Year 2 Earnings | $ per share |
| Year 1 Earnings | $ per share |
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Integrated Audit Practice Case
Authors: David S. Kerr, Randal J. Elder, Alvin A. Arens
5th Edition
0912503351, 9780912503356
