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Calculating Earnings per Share for Callaway Golf

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The following information is available for Callaway Golf Company for the years 2004 and 2003. (Dollars are in thousands, except share information.)

2004 2003
Net sales $934,564 $814,032
Net income (loss) (10,103) 45,523
Total assets 735,737 748,566

Share information
Shares outstanding at year-end 69,111,349 66,862,850
Preferred dividends -0- -0-
There were 65,676,326 shares outstanding at the end of 2002.

What was the company's earnings or loss per share for each year? (Round to 2 decimal places and express as a positive number.)

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The solution explains step by step how to calculate the earnings per share.

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The following information is available for Callaway Golf Company for the years 2004 and 2003. (Dollars are in thousands, except share information.)

2004 ...

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Manal Elkhoshkhany, MBA
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  • MBA, California State University, Sacramento
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