The following information is available for Callaway Golf Company for the years 2008 and 2007. (Dollars are in thousands, except share information.)

There were 73,139,000 shares outstanding at the end of 2006.Instructions(a) What was the company's earnings per share for each year?(b) Based on your findings above, how did the company's profitability change from 2007 to 2008?(c) Suppose the company had paid dividends on preferred stock and on common stock during the year. How would this affect your calculation in part(a)?

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2008 2007 $ 1,124,591 54,587 838,078 Net sales Net income (loss) Total assets Share information Shares outstanding at year-end Preferred dividends $ 1,117,204 66,176 855,338 64,507,000 66,282,000 -0- -0-