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Earnings per share Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow:   20Y5 20Y6 Net income $1,761,000   $2,580,000   Preferred dividends $60,000   $60,000   Average number of common shares outstanding 90,000 shares 120,000 shares a. Determine the earnings per share for 20Y5 and 20Y6. Round to two decimal places.   20Y5 20Y6 Earnings per Share $fill in the blank 1   $fill in the blank 2   b. Is the change in the earnings per share from 20Y5 to 20Y6 favorable or unfavorable?

Earnings per share Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow:   20Y5 20Y6 Net income $1,761,000   $2,580,000   Preferred dividends $60,000   $60,000   Average number of common shares outstanding 90,000 shares 120,000 shares a. Determine the earnings per share for 20Y5 and 20Y6. Round to two decimal places.   20Y5 20Y6 Earnings per Share $fill in the blank 1   $fill in the blank 2   b. Is the change in the earnings per share from 20Y5 to 20Y6 favorable or unfavorable?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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    Earnings per share

    Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow:

      20Y5 20Y6
    Net income $1,761,000   $2,580,000  
    Preferred dividends $60,000   $60,000  
    Average number of common shares outstanding 90,000 shares 120,000 shares

    a. Determine the earnings per share for 20Y5 and 20Y6. Round to two decimal places.

      20Y5 20Y6
    Earnings per Share $fill in the blank 1   $fill in the blank 2  

    b. Is the change in the earnings per share from 20Y5 to 20Y6 favorable or unfavorable?

     
     
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