Question
Financial statement data for the years ended December 31 for Brown Cow Inc. follow: 20Y6 20Y5 Net income $4,243,200 $2,855,360 Preferred dividends $64,000 $64,000 Average
Financial statement data for the years ended December 31 for Brown Cow Inc. follow:
| 20Y6 | 20Y5 | |||
| Net income | $4,243,200 | $2,855,360 | ||
| Preferred dividends | $64,000 | $64,000 | ||
| Average number of common shares outstanding | 128,000 | shares | 104,000 | shares |
a. Determine the earnings per share for 20Y6 and 20Y5. Round your answers to two decimal places.
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Advanced Accounting
Authors: Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith
11th Edition
978-0132568968, 9780132568968
