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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