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Earnings per share Financial statement data for the years 20Y5 and 20Y6 for Black Bull...

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Accounting

Earnings per share

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

20Y520Y6

Net income$1,725,000 $2,578,500

Preferred dividends$60,000 $60,000

Average number of common shares outstanding90,000shares115,000shares

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

20Y520Y6

Earnings per Share$ $

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

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