Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow: a. Determine the
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Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow:
a. Determine the earnings per share for 20Y5 and 20Y6.
b. Is the change in the earnings per share from 20Y5 to 20Y6 favorable or unfavorable?
Transcribed Image Text:
20Υ6 20Y5 Net income $2485,700 $1,538,000 $50,000 80,000 shares Preferred dividends $50,000 Average number of common shares outstanding 115,000 shares
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a b The increase in the earnings per share from 1860 to 2118 indicates a favorable chan...View the full answer
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