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Determine the earnings per share

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Reference no: EM131581955

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 of common shares outstanding

75,000 shares

60,000 shares

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

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

Reference no: EM131581955

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