Question
Financial statement data for the years ended December 31 for Dovetail Corporation follow: 20Y3 20Y2 Net income $332,250 $312,000 Preferred dividends $51,000 $51,000 Average number
Financial statement data for the years ended December 31 for Dovetail Corporation follow:
| 20Y3 | 20Y2 | |||
| Net income | $332,250 | $312,000 | ||
| Preferred dividends | $51,000 | $51,000 | ||
| Average number of common shares outstanding | 75,000 | shares | 60,000 | 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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Audit Regulations Audit Market Structure And Financial Reporting Quality Foundations And Trends R In Accounting
Authors: Christopher Bleibtreu, Ulrike Stefani
1st Edition
1680839004, 978-1680839005
