b. Evaluate the growth in earnings per share for the three years in comparison to the growth in net income for the three years. Round your answers to the nearest whole percentage. Negative amount should be indicated by the minus sign. Earnings per share growth as a percent of Year 1 (base year) Year 3 -1.65 X % Year 2 55.84 Year 2 Year 1 Earnings Year 1 Earnings 0 Net income growth as a percent of Year 1 (base year) Year 3 X % 7.56 60.98 X % 1.85 X % X % X %

Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
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Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 54E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...
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Both parts a and b , pls skip if you can't, i will definitely like guaranteed 

b. Evaluate the growth in earnings per share for the three years in comparison to the growth in net income for the three years. Round your answers to
the nearest whole percentage. Negative amount should be indicated by the minus sign.
Earnings per share growth as a percent of Year 1 (base year)
Year 3
-1.65
X %
X %
Year 2
Year 1 Earnings
X %
Net income growth as a percent of Year 1 (base year)
Year 3
7.56
X %
Year 2
Year 1 Earnings
55.84
0
60.98
1.85
X %
X %
Transcribed Image Text:b. Evaluate the growth in earnings per share for the three years in comparison to the growth in net income for the three years. Round your answers to the nearest whole percentage. Negative amount should be indicated by the minus sign. Earnings per share growth as a percent of Year 1 (base year) Year 3 -1.65 X % X % Year 2 Year 1 Earnings X % Net income growth as a percent of Year 1 (base year) Year 3 7.56 X % Year 2 Year 1 Earnings 55.84 0 60.98 1.85 X % X %
Net income
Fiscal Years Ended
2.79
Year 3
$882
$14
484
Year 2 Year 1
$1,320
Preferred dividends
Average number of common shares outstanding
a. Determine the earnings per share for fiscal Year 3, Year 2, and Year 1. Round to two decimal places.
Year 3 Earnings $ 1.79
✔per share
Year 2 Earnings
per share
Year 1 Earnings
1.82 ✓per share
$14
$820
$14
468
444
b. Evaluate the growth in earnings per share for the three years in comparison to the growth in net income for the three years. Round your answers to
the nearest whole percentage. Negative amount should be indicated by the minus sign.
Earnings per share growth as a percent of Year 1 (base year)
Transcribed Image Text:Net income Fiscal Years Ended 2.79 Year 3 $882 $14 484 Year 2 Year 1 $1,320 Preferred dividends Average number of common shares outstanding a. Determine the earnings per share for fiscal Year 3, Year 2, and Year 1. Round to two decimal places. Year 3 Earnings $ 1.79 ✔per share Year 2 Earnings per share Year 1 Earnings 1.82 ✓per share $14 $820 $14 468 444 b. Evaluate the growth in earnings per share for the three years in comparison to the growth in net income for the three years. Round your answers to the nearest whole percentage. Negative amount should be indicated by the minus sign. Earnings per share growth as a percent of Year 1 (base year)
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