Question
Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow: 20Y5 20Y6 Net income $1,734,000 $2,578,500 Preferred dividends $60,000 $60,000 Average
Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow: 20Y5 20Y6 Net income $1,734,000 $2,578,500 Preferred dividends $60,000 $60,000 Average number of common shares outstanding 90,000 shares 115,000 shares a. Determine the earnings per share for 20Y5 and 20Y6. Round to two decimal places.
20Y5 20Y6
Earnings per Share
Is the change in the earnings per share from 20Y5 to 20Y6 favorable or unfavorable?
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Financial Accounting And Reporting
Authors: Barry Elliott, Jamie Elliott
15th Edition
0273760882, 9780273760887
