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Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow: 20Y6 Net income Preferred dividends 20Y5 $1,538,000 $50,000 $2,485,700 $50,000 Average number of common shares outstanding 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? 80,000 shares 115,000 shares

Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow: 20Y6 Net income Preferred dividends 20Y5 $1,538,000 $50,000 $2,485,700 $50,000 Average number of common shares outstanding 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? 80,000 shares 115,000 shares

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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Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow: 20Y6 Net income Preferred dividends 20Y5 20Y5 $1,538,000 $50,000 Average number of common shares outstanding a. Determine the earnings per share for 20Y5 and 20Y6. Round to two decimal places. 80,000 20Y6 $2,485,700 $50,000 shares 115,000 shares Earnings per Share $fill in the blank 1 b. Is the change in the earnings per share from 20Y5 to 20Y6 favorable or unfavorable? $fill in the blank 2
Transcribed Image Text:Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow: 20Y6 Net income Preferred dividends 20Y5 20Y5 $1,538,000 $50,000 Average number of common shares outstanding a. Determine the earnings per share for 20Y5 and 20Y6. Round to two decimal places. 80,000 20Y6 $2,485,700 $50,000 shares 115,000 shares Earnings per Share $fill in the blank 1 b. Is the change in the earnings per share from 20Y5 to 20Y6 favorable or unfavorable? $fill in the blank 2
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