Iron Ingots Inc. reported 1997 earnings per share of $3.26 and had no extraordinary items. In 1998,

Question:

Iron Ingots Inc. reported 1997 earnings per share of \$3.26 and had no extraordinary items. In 1998, earnings per share on income before extraordinary items was \(\$ 2.99\), and earnings per share on net income was \$3.49. Do you consider this trend to be favorable? Why or why not?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Financial Accounting

ISBN: 9780471169208

2nd Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

Question Posted: