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Determine the earnings per share

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Problem - Earnings per share

Financial statement data for years ending December 31 for Jardine Company are shown below.

 

2012

2011

Net income

$117,000

$104,000

Preferred dividends

$18,000

$18,000

Average number of common shares outstanding

50,000 shares

40,000 shares

Required -

a. Determine the earnings per share for 2012 and 2011.

b. Does the change in the earnings per share from 2011 to 2012 indicate a favorable or an unfavorable trend?

Reference no: EM132683282

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