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Suppose the following information is available for Callaway Golf Company for the years 2017 and 2016. (Dollars are in thousands, except share information.) 2017 Earnings

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Suppose the following information is available for Callaway Golf Company for the years 2017 and 2016. (Dollars are in thousands, except share information.) 2017 Earnings per share $1.01 2016 Earnings per share $0.78 There were 73,139,000 shares outstanding at the end of 2015. How did the company's profitability change from 2016 to 2017? Suppose the company had paid dividends on preferred stock and on common stock during the year. How would this affect your calculation of earnings per share

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