Financial Analysis and Planning I8 Part 2 Sosa Diet Supplements had earnings after taxes of $800,000 in 20X1 with 200,000 shares of stock outstanding. On January 1, 20x2, the firm issued 50,000 new shares. Because of the proceeds from these new shares and other operating improvements, earnings after taxes increased by 30 percent. a. Compute earnings per share for the year 20X1. 2. ncome statement 02-1) h. Compute earnings per share for the year 20X2. Swank Clothiers had sales of $383,000 and cost of goods sold of $260,000. 3. s profit a. What is the gross profit margin (ratio of gross profit to sales)? how is the firm doing? A-Rod Fishing Supplies had sales of $2,500,000 and cost of goods sold of S1,710,000. Selling and administrative expenses represented 10 percent of sales. Depreciation was 6 percent of the total assets of $4,680,000. What was the firm's operating profit? ting profit 4. statement