Financial Statement Data for This Year and Last Year for Hanscombe

question 140

Short Answer

Financial statement data for this year and last year for Hanscombe Corp. are as follows: $\begin{array}{lrr} & \text { Current Year}& \text { Last Year } \\\text { Net income } & \$ 5,600,500 & \$ 4,988,000 \\\text { Preferred dividends } & 60,000 & 60,000 \\\text { Average number of common shares outstanding } & 125,000 & 110,000\end{array}$
Calculate earnings per share for each year.

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Definitions:

Conclusion

The end or finish of an event, process, or text, often summarizing the arguments or results in a logical or analytical discourse.

Argument

A set of statements or reasons made to persuade others that an idea or opinion is correct or valid.

Internalized

Incorporated within oneself, often referring to beliefs, attitudes, or values that are accepted and integrated into one's own belief system.

Pride

A feeling of deep satisfaction derived from one's own achievements, the achievements of those with whom one is closely associated, or from qualities or possessions that are widely admired.