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Financial statement data for the years ended December 31 for Dovetail Corporation follow: 20Y3 20Y2 Net...

Financial statement data for the years ended December 31 for Dovetail Corporation follow:

20Y3 20Y2
Net income $1,317,500 $1,092,000
Preferred dividends $201,000 $201,000
Average number of common shares outstanding 70,000 shares 55,000 shares

a. Determine the earnings per share for 20Y3 and 20Y2. Round your answers to two decimal places.

20Y3 $ per share
20Y2 $ per share

b. Does the change in the earnings per share from 20Y2 to 20Y3 indicate a favorable or an unfavorable trend?

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Answer #1

a. 20Y3 20Y2 S 15.95 S 16.20 b. Does the change in the earnings per share from 20Y2 to 20Y3 indicate a favorable or an unfavo

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