Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow: 20Y520Y6 Net
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Question:
Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow:
20Y520Y6Net income$1,554,000 $2,465,000 Preferred dividends$50,000 $50,000 Average number of common shares outstanding80,000shares115,000shares
a. Determine the earnings per share for 20Y5 and 20Y6.
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