Question
Financial statement data for years ending December 31 for Jardine Company are shown below. 2016 2015 Net income $909,000 $731,000 Preferred dividends $139,000 $139,000 Average
Financial statement data for years ending December 31 for Jardine Company are shown below.
| 2016 | 2015 | |||
| Net income | $909,000 | $731,000 | ||
| Preferred dividends | $139,000 | $139,000 | ||
| Average number of common shares outstanding | 50,000 | shares | 40,000 | shares |
a. Determine the earnings per share for 2016 and 2015. Round your answers to two decimal places.
| 2016 | $ per share |
| 2015 | $ per share |
b. Does the change in the earnings per share from 2015 to 2016 indicate a favorable or an unfavorable trend?
Favorable
Unfavorable
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International Financial Reporting Standards A Practical Guide
Authors: Hennie Van Greuning, Darrel Scott, Simonet Terblanche
6th Edition
0821384287, 978-0821384282
