The following information is available for Bradshaw Corporation and Newell

The following information is available for bradshaw

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100.The following information is available for Bradshaw Corporation and Newell Corporation:(in millions)Bradshaw CorporationNewell Corporation2017201620172016Preferred dividends2510030Net income500480490520Shares outstanding at theend of the year200180150200Shares outstanding at thebeginning of the year180150200220Based on this information, which of the following is suggested by the earnings per sharecalculations (rounded to two decimals) and the information given?a.There is lower performance in 2016 than in 2017 for Newell Corporation.b.There is higher performance in 2016 than in 2017 for Newell Corporation.c.There are fewer earnings available to Newell's common stockholders in 2017 than ind.There is a decrease in preferred shares of stock in 2017 as compared with 2016.Ans: A, LO: 2, Bloom: AN, Difficulty: Medium, Min: 3, AACSB: Analytic, AICPA BB: Legal/Regulatory Perspective, AICPA FC: Measurement, AICPA PC:Problem Solving, IMA: Business Economics2016.101.The following information is available for Bradshaw Corporation and Newell Corporation:(in millions)Bradshaw CorporationNewell Corporation2017201620172016Preferred dividends2510030Net income500480490520Shares outstanding at theend of the year200180150200Shares outstanding at thebeginning of the year180150200220Based on this information, what is the amount of Bradshaw's earnings per share (roundedto two decimals) for 2017?2]$2.50(Net inc. – Pref. div) ÷ [End. ch. Out. + beg. .sh. out. ) ÷ 2]
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A Further Look at Financial StatementsFOR INSTRUCTOR USE ONLY2-25102.The following information is available for Bradshaw Corporation and Newell Corporation:(in millions)Bradshaw CorporationNewell Corporation2017201620172016Preferred dividends2510030Net income500480490520Shares outstanding at theend of the year200180150200Shares outstanding at thebeginning of the year180150200220Based on the information for both Bradshaw and Newell over the two-year period, theearnings per share calculations (rounded to two decimals) indicate that
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