Bradley Bus Inc. had earnings last year of $600,000 with 300,000 shares outstanding. On January 1 of

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Bradley Bus Inc. had earnings last year of $600,000 with 300,000 shares outstanding.

On January 1 of the current year, the firm issued 40,000 new shares. Earnings after tax increased by 25 percent over last year.

a. Calculate earnings per share (EPS) for last year.

b. Calculate EPS for the current year.

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Foundations Of Financial Management

ISBN: 9781259265921

11th Canadian Edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta

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Question Posted: Dec 04, 2019 12:40 PM

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Bradley Bus Inc. had earnings last year of $600,000 with 300,000 shares outstanding. On January 1 of

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Foundations Of Financial Management

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