# Question & Answer: 014 and 2013. (Dollars are in thousands, except share information.)…..

Exercise 2-7

Suppose the following information is available for Callaway Golf Company for the years 2014 and 2013. (Dollars are in thousands, except share information.)

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Question & Answer: 014 and 2013. (Dollars are in thousands, except share information.)…..
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 2014 2013 Net sales \$ 1,129,069 \$ 1,135,252 Net income (loss) 70,964 59,018 Total assets 867,804 848,927 Share information Shares outstanding at year-end 64,663,000 66,382,000 Preferred dividends 0 0

There were 73,511,000 shares outstanding at the end of 2012.

(a)

What was the company’s earnings per share for each year? (Round answers to 2 decimal places, e.g. 15.25.)

 2014 : \$ 2013 : \$

 Earnings per share = Net income/ Average shares outstanding 2014 1.08 =70964000/((64663000+66382000)/2) 2013 0.84 =59018000/((66382000+73511000)/2)