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Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow: Net income Preferred dividends Average number of common shares outstanding
Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow: Net income Preferred dividends Average number of common shares outstanding 20Y5 20Y6 $1,506,000 $2,545,500 $50,000 $50,000 80,000 shares 115,000 shares a. Determine the earnings per share for 20Y5 and 20Y6. Round to two decimal places. Earnings per Share 20Y5 $ 20Y6 $ b. Is the change in the earnings per share from 2015 to 20Y6 favorable or unfavorable?
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a Earnings per Share EPS calculation For 20Y5 Net Income 1506000 Preferred Dividends 50000 A...
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Corporate Financial Accounting
Authors: Carl S Warren, Jeff Jones
16th Edition
0357510380, 978-0357510384
