Financial statement data for the years 2015 and 2016 for Black Bull Inc. follow: Net income Preferred dividends Average number of common shares outstanding 20Y5 $1,355,000 $60,000 70,000 shares 20Y6 $2,578,500 $60,000 115,000 shares a. Determine the earnings per share for 2015 and 2016. Round to two decimal places. Earnings per Share 20Y5 X 20Y6 b. Is the change in the earnings per share from 2015 to 20Y6 favorable or unfavorable? Favorable
Financial statement data for the years 2015 and 2016 for Black Bull Inc. follow: Net income Preferred dividends Average number of common shares outstanding 20Y5 $1,355,000 $60,000 70,000 shares 20Y6 $2,578,500 $60,000 115,000 shares a. Determine the earnings per share for 2015 and 2016. Round to two decimal places. Earnings per Share 20Y5 X 20Y6 b. Is the change in the earnings per share from 2015 to 20Y6 favorable or unfavorable? Favorable
Financial & Managerial Accounting
13th Edition
ISBN:9781285866307
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter11: Corporations: Organization, Stock Transactions, And Dividends
Section: Chapter Questions
Problem 11.8BPE: Earnings per share Financial statement data for the years ended December 31 for Black Bull Inc....
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