Financial statement data for the years ended December 31 for Dovetail Corporation follows:<\/p>
<\/p>
2016 2015<\/strong><\/p> Net income $448,750 $376,000<\/p> Preferred dividends $40,000 $40,000<\/p> Average number of common shares outstanding 75,000shares 60,000shares<\/p> a.<\/strong>Determine the earnings per share for 2016 and 2015. Round your answers to two decimal places.<\/p> 2016 $ per share<\/p> 2015 $ per share<\/p> b.<\/strong>Does the change in the earnings per share from 2015 to 2016 indicate a favorable or an unfavorable trend?<\/p> <\/strong><\/p>",
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"question_posted": "2024-06-16 22:48:57",
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