Net Income % % Fiscal Years Ended % Year 3 $884 $20 484 Year 2 Preferred dividends Average number of common shares outstanding 444 a. Determine the earnings per share for fiscal Year 3, Year 2, and Year 1. Round to two decimal places. Year 3 Earnings X per share Year 2 Earnings X per share Year 1 Earnings X per share b. Evaluate the growth In earnings per share for the three years in comparison to the growth in net income for the three years. Round your answers to the nearest whole percentage. Negative amount should be indicated by the minus sign. Earnings per share growth as a percent of Year 1 (base year) Year 3 % Year 2 Year 1 Earnings % Net income growth as a percent of Year 1 (base year) Year 3 % Year 2 Year 1 Earnings $1,380 $20 468 Year 1 $800 $20

Net Income % % Fiscal Years Ended % Year 3 $884 $20 484 Year 2 Preferred dividends Average number of common shares outstanding 444 a. Determine the earnings per share for fiscal Year 3, Year 2, and Year 1. Round to two decimal places. Year 3 Earnings X per share Year 2 Earnings X per share Year 1 Earnings X per share b. Evaluate the growth In earnings per share for the three years in comparison to the growth in net income for the three years. Round your answers to the nearest whole percentage. Negative amount should be indicated by the minus sign. Earnings per share growth as a percent of Year 1 (base year) Year 3 % Year 2 Year 1 Earnings % Net income growth as a percent of Year 1 (base year) Year 3 % Year 2 Year 1 Earnings $1,380 $20 468 Year 1 $800 $20

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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Earnings per share Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow: 20Y5 20Y6 Net income $1,761,000 $2,532,500 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. 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? fill in the blank
hr.3
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