ht lugen/student/mainfr. Teen Depression SMore Emplyers Of Dhbod D How to Choose

Question

ht lugen/student/mainfr. Teen Depression SMore Emplyers Of Dhbod D How to Choose Spe Kimmel, Financial Accounting, Be FINANCIAL ACCO Grace Period: 9 days Practice Assignment Gradebook ORION Downloadable eTextbook ssignment FULL SCREEN CES Exercise 2-7 Suppose the following information is available for Callaway Golf Company for the years 2017 and 2016. (Dollars are in thousands, except share information.) 2017 2016 Net sales Net income (loss) Total assets Share information Shares outstanding at year-end Preferred dividends s 1,114,000 1,120,400 56,700 838,078 66,800 855,338 64,507,000 66,282,000 udy There were 73,139,000 shares outstanding at the end of 2015. What was the company's earnings per share for each year? (Round answers to 2 decimal places, e.g. 15.25 2017:s 2016 Click if you would like to Show Work for this question: Modity Show. Work learn while you earn points based on the Point Potential Policy set by your Instructor to search

Explanation / Answer

Answer: The company's earning per share would be calculated as follows: Earning per share = (Net income -Preferred Dividend)/Average shares outstanding For 2017 =66,800,000/((64,507,000+66,282,000)/2) $                             1.02 For 2018 =56,700,000/((66,282,000+73,139,000)/2) $                             0.81

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