required calculate earnings per share and comment on the trend 642324
Dicker Company has the following pattern of financial data for Years 1 and 2:
|
Year 1 |
Year 2 |
|
|
Net income |
$40,000 |
$42,000 |
|
Preferred stock (5%) |
$450,000 |
$550,000 |
|
Weighted average number of common shares outstanding |
38,000 |
38,000 |
Required Calculate earnings per share and comment on the trend.