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Earnings per share Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow: Net income 20Y5 $1,348,000 $60,000 70,000 shares

Earnings per share Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow: Net income 20Y5 $1,348,000 $60,000 70,000 shares 20Y6 $2,436,000 $60,000 110,000 shares Preferred dividends Average number of common shares outstanding a. Determine the earnings per share for 20Y5 and 20Y6. Round to two decimal places. 20Y5 20Y6 Earnings per Share b. Is the change in the earnings per share from 20Y5 to 20Y6 favorable or unfavorable?

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