Problem
Financial statement data for years ending December 31 for Jardine Company areshownbelow
Earnings Per Share
Financial statement data for years ending December 31 for Jardine Company are shown below.
|
2014
|
2013
|
|
Net income
|
$219,000
|
$180,500
|
|
Preferred dividends
|
$33,000
|
$33,000
|
|
Average number of common shares outstanding
|
60,000 shares
|
50,000 shares
|
a. Determine the earnings per share for 2014 and 2013. Round your answers to two decimal places.