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Determine the earnings per share for 2012

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Reference no: EM13534098

Earnings per share

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

below.

2012

2011

Net income

$971,000

$692,000

Preferred dividends

$35,000

$35,000

Average number of common shares outstanding

120,000 shares

90,000 shares

Average number of common shares outstanding 50,000 shares 40,000 shares

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: EM13534098

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