Earnings per share Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow: Line Item Description 20Y6 20Y5 Net income $2,485,700 $1,538,000 Preferred dividends $50,000 $50,000 Average number of common shares outstanding 115,000 shares 80,000 shares a. Determine the earnings per share for 20Y5 and 20Y6. Round to two decimal places. Line Item Description 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: Line Item Description 20Y6 20Y5 Net income $2,485,700 $1,538,000 Preferred dividends $50,000 $50,000 Average number of common shares outstanding 115,000 shares 80,000 shares a. Determine the earnings per share for 20Y5 and 20Y6. Round to two decimal places. Line Item Description 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?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Earnings per share
Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow:
| Line Item Description | 20Y6 | 20Y5 |
|---|---|---|
| Net income | $2,485,700 | $1,538,000 |
| Preferred dividends | $50,000 | $50,000 |
| Average number of common shares outstanding | 115,000 shares | 80,000 shares |
a. Determine the earnings per share for 20Y5 and 20Y6. Round to two decimal places.
| Line Item Description | 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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