Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow: 20Y5 20Y6 Net income $1,327,000 $2,521,000 Preferred dividends $60,000 $60,000 Average number of common shares outstanding 70,000 shares 115,000 shares a. Determine the earnings per share for 20Y5 and 20Y6. Round to two decimal places. 20Y5 20Y6 Earnings per Share $fill in the blank 1 $fill in the blank 2 b. Is the change in the earnings per share from 20Y5 to 20Y6 favorable or unfavorable?

Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow: 20Y5 20Y6 Net income $1,327,000 $2,521,000 Preferred dividends $60,000 $60,000 Average number of common shares...

Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow:

	20Y5	20Y6
Net income	$1,327,000		$2,521,000
Preferred dividends	$60,000		$60,000
Average number of common shares outstanding	70,000	shares	115,000	shares

a. Determine the earnings per share for 20Y5 and 20Y6. Round to two decimal places.

	20Y5	20Y6
Earnings per Share	$fill in the blank 1		$fill in the blank 2

b. Is the change in the earnings per share from 20Y5 to 20Y6 favorable or unfavorable?

Jun 06, 2022