Question
Financial statement data for the years ended December 31 for Black Bull Inc. follows: 2016 2015 Net income $2,485,700 $1,538,000 Preferred dividends $50,000 $50,000 Average
Financial statement data for the years ended December 31 for Black Bull Inc. follows:
| 2016 | 2015 | |||
| Net income | $2,485,700 | $1,538,000 | ||
| Preferred dividends | $50,000 | $50,000 | ||
| Average number of common shares outstanding | 115,000 | shares | 80,000 | 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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Working Papers Volume 1 To Accompany Weygandt Financial And Managerial Accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
1st Edition
1118233468, 978-1118233467
