Qualls Corporation reported 2012 earnings per share of $7.21. In 2013, Qualls reported earnings per share as follows.
|
On income before extraordinary item |
$6.40 |
|
On extraordinary item |
1.88 |
|
On net income |
$8.28 |
Is the increase in earnings per share from $7.21 to $8.28 a favorable trend?