Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow: 20Y5 20Y6 Net income $1,680,000 $2,578,500 Preferred dividends $60,000 $60,000 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.
Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow: 20Y5 20Y6 Net income $1,680,000 $2,578,500 Preferred dividends $60,000 $60,000 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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow:
20Y5
20Y6
Net income
$1,680,000
$2,578,500
Preferred dividends
$60,000
$60,000
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.
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