Suppose the following information is available for Callaway Golf Company for the years 2018 and 2017. (Dollars are in thousands, except share information.) 2018 2017 Net sales $1,117,204 $1,124,591 Net income (loss) 66,176 54,587 Total assets 855,338 838,078 Share information 2018 2017 Shares outstanding at year-end 64,507,000 66,282,000 Preferred dividends -0- -0- There were 73,139,000 shares outstanding at the end of 2016. Instructions (a) What was the company's earnings per share for each year? (b) Based on your findings above, how did the company's profitability change from 2017 to 2018? (c) Suppose the company had paid dividends on preferred stock and on common stock during the year. How would this affect your calculation in part (a)?
Suppose the following information is available for Callaway Golf Company for the years 2018 and 2017. (Dollars are in thousands, except share information.)
|
|
2018 |
2017 |
|
Net sales |
$1,117,204 |
$1,124,591 |
|
Net income (loss) |
66,176 |
54,587 |
|
Total assets |
855,338 |
838,078 |
|
Share information |
2018 |
2017 |
|
Shares outstanding at year-end |
64,507,000 |
66,282,000 |
|
Preferred dividends |
-0- |
-0- |
There were 73,139,000 shares outstanding at the end of 2016.
Instructions
(a) What was the company's earnings per share for each year?
(b) Based on your findings above, how did the company's profitability change from 2017 to 2018?
(c) Suppose the company had paid dividends on preferred stock and on common stock during the year. How would this affect your calculation in part (a)?
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