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Question Content Area Earnings per share Financial statement data for the years 20Y5...

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Accounting

Question Content Area
Earnings per share
Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow:
Line Item Description 20Y620Y5
Net income $2,545,500 $1,506,000
Preferred dividends $50,000 $50,000
Average number of common shares outstanding 115,000 shares 80,000 shares
a. Determine the earnings per share for 20Y5 and 20Y6. Round to two decimal places.
Line Item Description 20Y520Y6
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?

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