Earnings per share Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow:      20Y5    20Y6 Net income    $1,697,000         $2,476,500      Preferred dividends    $50,000         $50,000      Average number of common shares outstanding    90,000    shares    115,000    shares

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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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    $1,697,000         $2,476,500     
Preferred dividends    $50,000         $50,000     
Average number of common shares outstanding    90,000    shares    115,000    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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