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Per Share Financial statement data for the years ended December 31 for Cottontop Corporation follow: Net income Preferred dividends Average number of common shares
Per Share Financial statement data for the years ended December 31 for Cottontop Corporation follow: Net income Preferred dividends Average number of common shares outstanding 20Y3 20Y2 $157,500 $141,500 $24,000 $24,000 30,000 shares 25,000 shares a. Determine the earnings per share for 20Y3 and 20Y2. Round your answers to two decimal places. 20Y3 20Y2 per share per share b. Does the change in the earnings per share from 2012 to 20Y3 indicate a favorable or unfavorable trend?
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Financial Accounting in an Economic Context
Authors: Jamie Pratt
9th edition
9781118803035, 1118582551, 1118803035, 978-1118582558
