Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow: Line Item Description 20Y6 20Y5 Net income $2,582,000 $1,490,000 Preferred dividends $50,000 $50,000 Average number of common shares outstanding 120,000 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
Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow: Line Item Description 20Y6 20Y5 Net income $2,582,000 $1,490,000 Preferred dividends $50,000 $50,000 Average number of common shares outstanding 120,000 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
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 54E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...
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Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow:
| Line Item Description | 20Y6 | 20Y5 |
|---|---|---|
| Net income | $2,582,000 | $1,490,000 |
| Preferred dividends | $50,000 | $50,000 |
| Average number of common shares outstanding | 120,000 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
|
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