Question
Ajanta Plastic Company had earnings after taxes of $750,000 in the year 2018 with 300,000 shares outstanding on December 31, 2018. On January 1, 2019,
Ajanta Plastic Company had earnings after taxes of $750,000 in the year 2018 with 300,000 shares outstanding on December 31, 2018. On January 1, 2019, the firm issued 50,000 new shares. Because of the proceeds from these new shares and other operating improvements, 2019 earnings after taxes were 25 percent higher than in 2018. Earnings per share for the year 2019 were
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Personal Financial Planning
Authors: Lawrence J. Gitman, Michael D. Joehnk
11th Edition
0324422865, 978-0324422863
