Question
Financial statement data for the years ended December 31 for Dovetail Corporation follow: 20Y3 20Y2 Net income $772,500 $676,000 Preferred dividends $118,000 $118,000 Average number
Financial statement data for the years ended December 31 for Dovetail Corporation follow:
| 20Y3 | 20Y2 | |||
| Net income | $772,500 | $676,000 | ||
| Preferred dividends | $118,000 | $118,000 | ||
| Average number of common shares outstanding | 55,000 | shares | 45,000 | shares |
a. Determine the earnings per share for 20Y3 and 20Y2. Round your answers to two decimal places.
| 20Y3 | $ per share |
| 20Y2 | $ per share |
b. Does the change in the earnings per share from 20Y2 to 20Y3 indicate a favorable or an unfavorable trend?
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Ecology, Sustainable Development And Accounting
Authors: Seleshi Sisaye
1st Edition
0415816351, 9780415816359
