Question: Financial statement data for the years ended December 31 for Dovetail Corporation follows: 2016 2015 Net income $448,750 $376,000 Preferred dividends $40,000 $40,000 Average number

Financial statement data for the years ended December 31 for Dovetail Corporation follows:

2016 2015

Net income $448,750 $376,000

Preferred dividends $40,000 $40,000

Average number of common shares outstanding 75,000shares 60,000shares

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?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

Financial statement data for the years ended December 31 for Dovetail Corporation follows: 2016 2015 Net income $448,750 $376,000 Preferred dividends $40,000 $40,000 Average number of common shares...

Q:

Earnings Per Share Financial statement data for the years ended December 31 for Dovetail Corporation follows 2016 2015 Net income Preferred dividends Average number of common shares outstanding a....

Q:

Financial statement data for the years ended December 31 for Dovetail Corporation follows: 2016 2015 Net income $448,750 $376,000 Preferred dividends $40,000 $40,000 Average number of common shares...

Q:

Financial statement data for the years ended December 31 for Dovetail Corporation follows: 2016 2015 Net income $448,750 $376,000 Preferred dividends $40,000 $40,000 Average number of common shares...

Q:

Financial statement data for the years ended December 31 for Black Bull Inc. follows: 2016 2015 Net income $2,485,700 $1,538,000 Preferred dividends $50,000 $50,000 Average number of common shares...

Q:

r 13 Corporations: Organization, Stock Transactions, and Dividends -8 p 616 PE 13-8B Earnings per share AD Financial OBJ. 8 statement data for the years ended December 31 for Black Bull Inc. follows:...

Q:

please complete 1 2 and 3(there is no additional information) thanks CHAPTER 9 1. What liabilities does the company list as current liabilities? 2. Does the company report any accounts payable in its...

Q:

Garden State Container Corporation Financial Analysis and Forecasting Directed Garden State Container Corporation manufactures boxes and other containers primarily for farm products. More than 85...

Q:

What should Singh recommend regarding: the target bond rating the level of flexibility or reserves the mix of debt and equity any other issues you believe should be brought to the attention of the...

Q:

What are the risks associated with Deluxes business and strategy? What financing requirements do you foresee for the firm in the coming years? Deluxe Corporation In the late summer of 2002, Rajat...

Q:

YGee Bhd has more than 70 members. Lissa is one of the members of the company wants to file winding up petition against YGee Bhd. Jenny also members of the company found out that Lissa's intention...

Q:

Continuation of Exercise 4-140. Rework parts (a) And (b). Assume that the lifetime is a lognormal random variable with the same mean and standard deviation.

Q:

Solve this differential equation: d y d t = 0 . 0 6 y ( 5 0 0 - y ) y ( 0 ) = 2 y ( t ) =

Q:

Multiple Choice Questions 1. Glenn and Mary's house was damaged by a hurricane in 2016. The fair value of their home before the hurricane was $150,000. After the hurricane, the fair value of their...

Q:

Nell, single and age 38, had the following income and expense items in 2016: Non business bad debt .....................................$ 6,000 Business bad debt...

Q:

Break down the annual salaries into three groups according to training level (A, B, or C). a.* Draw box plots to compare these three groups. Comment on what you see. b.* Find the average for each...

Q:

Refer to the data for problem 11. Continue using the logarithms of the lengths of calls. a. Find the average difference and its standard error for every pair of types of calls (subtracting smaller...

Q:

Doreen Woods owns a small variety store. The following transactions took place during March of the current year. Journalize the transactions in a general journal using the perpetual inventory method....

Q:

A pointer holds a memory address.

Q:

1. Discuss the following statements: a) Predetermined is not the same thing as predictable. b) When we are aware of the consequences of our behaviour, we can change our behaviour. c) What we know is...

Q:

2. In this chapter, the reader should reflect on the following concepts:

Q:

1. To provide an understanding that a person in a communication situation conveys three things at the same time: their position, basic interests and values.