E2-7B The following information is available for Callaway Golf Company for the y

Question

E2-7B The following information is available for Callaway Golf Company for the years 2010 and 2009. (Dollars are in thousands, except share information.) 2010 2009 Net sales $ 967,656 $ 950,799 Net income (loss) (18,804) (15,260) Total assets 884,979 875,930 Share information Shares outstanding at year-end 64,406,000 64,473,000 Preferred dividends –0– –0– There were 64,507,000 shares outstanding at the end of 2008. Instructions (a) What was the company’s earnings (loss) per share for each year? (b) Based on your findings above, how did the company’s profitability change from 2009 to 2010? (c) Suppose the company had paid dividends on preferred stock and on common stock during the year. How would this affect your calculation in part (a)?

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E2-7B The following information is available for Callaway Golf Company for the y

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