Earnings per share Financial statement data for the years 2015 and 20Y6 for Black Bull Inc. follow: 20Y5 20Y6 Net income $1,348,000 $2,580,000 Preferred dividends $60,000 $60,000 Average number of common shares outstanding 70,000 shares 120,000 shares a. Determine the earnings per share for 20YS and 20Y6. Round to two decimal places. 20YS 2016 Earnings per Share Sfill in the blank 1 Sfill in the blank 2 b. Is the change in the earnings per share from 2015 to 20Y6 favorable or unfavorable?
Earnings per share Financial statement data for the years 2015 and 20Y6 for Black Bull Inc. follow: 20Y5 20Y6 Net income $1,348,000 $2,580,000 Preferred dividends $60,000 $60,000 Average number of common shares outstanding 70,000 shares 120,000 shares a. Determine the earnings per share for 20YS and 20Y6. Round to two decimal places. 20YS 2016 Earnings per Share Sfill in the blank 1 Sfill in the blank 2 b. Is the change in the earnings per share from 2015 to 20Y6 favorable or unfavorable?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:Earnings per share Financial statement data for the years 2015 and 20Y6 for Black Bull Inc. follow: 20Y5 20Y6 Net income $1,348,000 $2,580,000 Preferred dividends $60,000 $60,000 Average number of common shares outstanding 70,000 shares
120,000 shares a. Determine the earnings per share for 20YS and 20Y6. Round to two decimal places. 20YS 2016 Earnings per Share Sfill in the blank 1 Sfill in the blank 2 b. Is the change in the earnings per share from 2015 to 20Y6 favorable or
unfavorable?
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