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Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow! 20Y5 Net income 20Y5 $1,562,000 Preferred dividends $50,000 Average number of common shares outstanding 80,000 shares a. Determine the earnings per share for 20Y5 and 20Y6. Round to two decimal places. $ 20Y6 20Y6 $2,570,000 $50,000 120,000 shares Earnings per Share b. Is the change in the earnings per share from 20Y5 to 20Y6 favorable or unfavorable?

Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow! 20Y5 Net income 20Y5 $1,562,000 Preferred dividends $50,000 Average number of common shares outstanding 80,000 shares a. Determine the earnings per share for 20Y5 and 20Y6. Round to two decimal places. $ 20Y6 20Y6 $2,570,000 $50,000 120,000 shares Earnings per Share 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
Problem 1Q
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am. 119.

Earnings per share Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow: 20Y5 Net income $1,562,000 $50,000 80,000 shares 20Y5 20Y6 Preferred dividends Average number of common shares outstanding a. Determine the earnings per share for 20Y5 and 20Y6. Round to two decimal places. 20Y6 $2,570,000 $50,000 120,000 shares Earnings per Share b. Is the change in the earnings per share from 20Y5 to 20Y6 favorable or unfavorable?
Transcribed Image Text:Earnings per share Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow: 20Y5 Net income $1,562,000 $50,000 80,000 shares 20Y5 20Y6 Preferred dividends Average number of common shares outstanding a. Determine the earnings per share for 20Y5 and 20Y6. Round to two decimal places. 20Y6 $2,570,000 $50,000 120,000 shares Earnings per Share b. Is the change in the earnings per share from 20Y5 to 20Y6 favorable or unfavorable?
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