Select Page
  

Earnings Per ShareFinancial statement data for the years ended December 31 for Dovetail Corporation follow: 20Y320Y2Net income$510,500 $452,000 Preferred dividends$78,000 $78,000 Average number of common shares outstanding50,000shares 40,000sharesa.Determine the earnings per share for 20Y3 and 20Y2. Round your answers to two decimal places.20Y3$ per share20Y2$ per shareb.Does the change in the earnings per share from 20Y2 to 20Y3 indicate a favorable or an unfavorable trend?