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Financial statement data for the years ended December 31 for Dovetail Corporation follow: 20Y3 20Y2 Net income $330,000 $253,500 Preferred dividends $50,000 $50,000 Average number
Financial statement data for the years ended December 31 for Dovetail Corporation follow:
20Y3 | 20Y2 | |||
Net income | $330,000 | $253,500 | ||
Preferred dividends | $50,000 | $50,000 | ||
Average number of common shares outstanding | 70,000 | shares | 55,000 | shares |
a. Determine the earnings per share for 20Y3 and 20Y2. Round your answers to two decimal places.
20Y3 | $ per share |
20Y2 | $ per share |
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