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Far East Fast Foods had earnings after taxes of $900,000 in the year 20XX with 301,000 shares outstanding. On January 1, 20XY, the firm issued

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Far East Fast Foods had earnings after taxes of $900,000 in the year 20XX with 301,000 shares outstanding. On January 1, 20XY, the firm issued 32,000 new shares. Because of the proceeds from these new shares and other operating improvements, earnings after taxes increased by 28 percent. a. Compute EPS of the year 20XX. (Round the final answer to 2 decimal places.) EPS $ 2.99 b. Compute EPS of the year 20XY. (Round the final answer to 2 decimal places.) EPS $ 1.611

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