Determine the earnings per share

Assignment Help Accounting Basics
Reference no: EM131894120

Problem - Earnings Per Share

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

20Y3 20Y2

Net income $510,500 $452,000

Preferred dividends $78,000 $78,000

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

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

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

Reference no: EM131894120

Questions Cloud

What are the common earnings per share : BB Corporation has 200,000 shares of $5 par common stock issued and outstanding. What are the common earnings per share (EPS) for 2017
What is self actualization : What is self actualization? How close to self actualizing do you feel you are and what do you think you need to do to accomplish it
What is the effective annual interest rate for loan : What is the effective annual interest rate for this? loan?
What is philosophy-framework of counseling : What is your philosophy/framework of counseling? How has it changed from the beginning of the course?
Determine the earnings per share : Average number of common shares outstanding 50,000 shares 40,000 shares. Determine the earnings per share for 20Y3 and 20Y2
Expected one year holding-period return on xyrong stock : What is the intrinsic value of a share of Xyrong stock? what is your expected 1-year holding-period return on Xyrong stock?
What is the main source of revenue in business : In Week 2, we discuss and define gross income from business activities and the associated trade or business deductions available to offset gross income.
Problems common to all psychological assessment : List the 5 measurement problems common to all psychological assessment (which can include tests, interviews, behavior coding systems, etc.).
Examine the theoretical framework and style presented : In an analysis of 750-900 words, examine the theoretical framework, style, and leadership traits in the selected book.

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is fica for daniels and kingston

What is FICA for Daniels and Kingston?

  Why employer might prefer procedure one over procedure two

Ignoring employer payroll taxes, under each procedure calculate (a) the total labor cost for the company and (b) the amount of cash the employee will have after satisfying all responsibilities to the government. Do your answers for procedures 1 and 2..

  Determine the cost of the units completed and transferred

determine the cost of the units completed and transferred to the blending department during may. round your

  Calculate the direct labor efficiency variance input the

whyte inc. uses a standard cost system. labor standards are 2.0 hours per widget at 8.50 per hour. during august whyte

  Total costs were 72300 when 27000 units were produced and

1.stellar company has the following sales variable cost and fixed cost. if sales increase by 10000 then their profit

  Determine the accounts and amounts to be debited

Issued check for $5,600 to pay the rent for current month. Purchased an automobile that will be used to visit clients; issued check for $34,100

  Observed capital structures refer to the observed capital

observed capital structures refer to the observed capital structures given in table 15.3 of the text. what do you

  Airplane passengers resulted in better on-time performance

Has the recent drop in airplane passengers resulted in better on-time performance? Before the recent economic downturn, one airline bragged that 92% of its flights were on time. A random sample of 165 flights completed this year reveals that 153 w..

  Community health center is considering spending 50000 on a

community health center is considering spending 50000 on a blood analyzer. the annual cash profits from the machine

  Evaluating the creditworthiness of the organization

Evaluating the creditworthiness of the organization. Determining a company's ability to pay its debts when they are due. Showing the relationship of net income to changes in cash. Revealing commitments that may restrict future courses of action.

  Taylor industries purchased supplies for 1000 they paid 500

taylor industries purchased supplies for 1000. they paid 500 in cash and agreed to pay the balance in 30 days. the

  The balance sheet reports the balances of shareholders

The balance sheet reports the balances of shareholders' equity accounts. What additional information is provided by the statement of shareholders' equity?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd