Chapter 18, Problem 22Q

To determine

Income from Continuing Operations: The income from continuing operations refers to the income that a company generates through the operational activities of the company and that is reported in the income statement.

Earnings per Share: The earnings per share refer to that amount which is derived by dividing the net income from the total number of shares which are outstanding. The earnings per share determine the profitability of a company and help as a tool to measure the financial position of the company.

To explain: Whether the trend of the earnings per share is favorable or not.