Question: Earnings Per Share Financial statement data for years ending December 31 for Jardine Company are shown below. 2016 2015 Net income $1,144,500 $912,000 Preferred dividends

Earnings Per Share

Financial statement data for years ending December 31 for Jardine Company are shown below.

2016 2015
Net income $1,144,500 $912,000
Preferred dividends $175,000 $175,000
Average number of common shares outstanding 70,000 shares 55,000 shares

a. Determine the earnings per share for 2016 and 2015. Round your answers to two decimal places.

2016 $ per share
2015 $ per share

b. Does the change in the earnings per share from 2015 to 2016 indicate a favorable or an unfavorable trend?

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