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Earnings per share Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow: Net income 20Y5 20Y5 $ $1,506,000 $50,000 80,000 shares Preferred dividends Average number of common shares outstanding a. Determine the earnings per share for 20Y5 and 20Y6. Round to two decimal places. 20Y6 20Y6 $ $2,545,500 $50,000 115,000 shares Earnings per Share b. Is the change in the earnings per share from 20Y5 to 20Y6 favorable or unfavorable?

Earnings per share Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow: Net income 20Y5 20Y5 $ $1,506,000 $50,000 80,000 shares Preferred dividends Average number of common shares outstanding a. Determine the earnings per share for 20Y5 and 20Y6. Round to two decimal places. 20Y6 20Y6 $ $2,545,500 $50,000 115,000 shares Earnings per Share b. Is the change in the earnings per share from 20Y5 to 20Y6 favorable or unfavorable?

Financial And Managerial Accounting
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter12: Corporations: Organization, Stock Transactions, And Dividends
Section: Chapter Questions
Problem 8BE: Earnings per share Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow:...
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Earnings per share Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow: 20Y5 Net income $1,506,000 $50,000 80,000 shares 20Y5 Preferred dividends Average number of common shares outstanding a. Determine the earnings per share for 20Y5 and 20Y6. Round to two decimal places. 20Y6 20Y6 $ $2,545,500 $50,000 115,000 shares Earnings per Share b. Is the change in the earnings per share from 20Y5 to 20Y6 favorable or unfavorable?
Transcribed Image Text:Earnings per share Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow: 20Y5 Net income $1,506,000 $50,000 80,000 shares 20Y5 Preferred dividends Average number of common shares outstanding a. Determine the earnings per share for 20Y5 and 20Y6. Round to two decimal places. 20Y6 20Y6 $ $2,545,500 $50,000 115,000 shares Earnings per Share b. Is the change in the earnings per share from 20Y5 to 20Y6 favorable or unfavorable?
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