Suppose the following information is available for Callaway Golf Company for the years 2022 and 2021. (Dollars are in thousands, except share information.) 2022 2021 Net sales $ 1,130,000 $ 1,136.600 Net income (loss) 87,474 69,498 Total assets 855,338 838.078 Share information Shares outstanding at year-end 72,000,000 73,790,000 Preferred dividends There were 80,650,000 shares outstanding at the end of 2020. (a) What was the company's earnings per share for each year? (Round answers to 2 decimal places, e.g. 15.25.) 2022: 2$ 2021; $

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Suppose the following information is available for Callaway Golf Company for the years 2022 and 2021. (Dollars are in thousands,
except share information.)
2022
2021
Net sales
$ 1,130,000
$ 1,136,600
Net income (loss)
87,474
69,498
Total assets
855,338
838,078
Share information
Shares outstanding at year-end
72,000,000
73,790,000
Preferred dividends
There were 80,650,000 shares outstanding at the end of 2020.
(a)
What was the company's earnings per share for each year? (Round answers to 2 decimal places, e.g. 15.25.)
2022:
2$
2021:
Transcribed Image Text:Suppose the following information is available for Callaway Golf Company for the years 2022 and 2021. (Dollars are in thousands, except share information.) 2022 2021 Net sales $ 1,130,000 $ 1,136,600 Net income (loss) 87,474 69,498 Total assets 855,338 838,078 Share information Shares outstanding at year-end 72,000,000 73,790,000 Preferred dividends There were 80,650,000 shares outstanding at the end of 2020. (a) What was the company's earnings per share for each year? (Round answers to 2 decimal places, e.g. 15.25.) 2022: 2$ 2021:
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