Solved: Financial statement data for the years ended december 31, Accounting Basics

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Financial statement data for the years ended december 31

Problem: Financial statement data for the years ended December 31, 2015-2014 for Maria Corp. are shown below:

	2015	2014
Net Income	$3,000,000	$2,700,000
Preferred dividends	$100,000	$100,000
Average number of common shares outstanding	115,000 shares	80,000 shares

a) Determine the earnings per share for 2015 and 2014.

b) Does the change in the earnings per share from 2014 to 2015 indicate a favorable or an unfavorable trend?

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Accounting Basics: Financial statement data for the years ended december 31

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Accounting Basics: Financial statement data for the years ended december 31

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