Net Income- Net income is what remains after subtracting all of the costs from a company's revenue. Net income for 2017 was a positive number at $297k showing improvement in share values within Patagonia Gold's stocks. However, in 2019 net income drastically went to - $845k.The decrease in income was due to all of the various costs, affecting the net revenue as
Net Income- Net income is what remains after subtracting all of the costs from a company's revenue. Net income for 2017 was a positive number at $297k showing improvement in share values within Patagonia Gold's stocks. However, in 2019 net income drastically went to - $845k.The decrease in income was due to all of the various costs, affecting the net revenue as
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please refer to the sample and paraphrase the ''NET INCOME'' and ''Earnings per share''. Please write a close word count to the sample and do not change the company name and figure, just explain in other words.

Transcribed Image Text:Net Income- Net income is what remains after subtracting all of the costs from a company's
revenue. Net income for 2017 was a positive number at $297k showing improvement in share's
values within Patagonia Gold's stocks. However, in 2019 net income drastically went to -
$845k.The decrease in income was due to all of the various costs, affecting the net revenue as a
sample
whole.

Transcribed Image Text:Earnings per share (EPS)- Earnings per share reports the amount of net income for each share of
Patagonia Gold's outstanding common stock. Outstanding stock can be calculated by Issued
stock minus the treasury stock. While both the basic EPS and diluted EPS changed over the three
year time period of 2017-2019, the value was held constant each year that represented the basic
and diluted EPS.
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