Which item on Donaldson's income statement has the most favorable trend during 2013-2014?

Class, Rock-Dog, Inc. has the following information containing its Shareholders' Equity: * Common Shares authorized: 2 million * Common Shares issued: 1 million * Common Shares held as Treasury Stock: 250,000 How many shares of Rock-Dog, Inc. are issued and outstanding? If the company had income of $3 million for 2010, and its shares authorized, issued and outstanding hasn't changed all year, can you calculate the company's simple earnings per share? If the company's shares are trading at $24 per share, what is the company's current P/E Multiple? (You must answer all questions to received credit). Shares outstanding = Shares issued - Treasury stock = 1,000,000 - 250,000 = 7,50,000 Earning Per Share = Earnings/Shares outstanding = $3million/0.75million = $4 per share P/E Multiple = Market Price/EPS = $24/$4 = 6 times 6000048142000 6000048136219 (an instructor response) Shares Issued and Professor Kaplan Outstanding 8/10/2016 11:26:24 PM Thanks for tackling this one. Good work here. Here's my approach: EPS = (Net Income - Preferred Stock Dividends) / Average Common Shares Outstanding ($3M - $0) / (1M - 0.25M) = $4.0 P/E = Price Per Share / EPS $24 / $4 = 6.0 This week I feel like we are trying to close the loop on the accounting cycle as we concentrated on the evaluation of the information that appears in the financial statements. We covered comparative analysis and identify the tools for financial statement analysis