Question
Frantic Fast Foods had earnings after taxes of $1,130,000 in 20X1 with 312,000 shares outstanding. On January 1, 20X2, the firm issued 32,000 new shares.
Frantic Fast Foods had earnings after taxes of $1,130,000 in 20X1 with 312,000 shares outstanding. On January 1, 20X2, the firm issued 32,000 new shares. Because of the proceeds from these new shares and other operating improvements, earnings after taxes increased by 27 percent.
a. Compute earnings per share for the year 20X1
Earnings per share =
b. Compute earnings per share for the year 20X2.
Earnings per share =
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Ethics Management Auditing And Developing The Ethical Content Of Organizations
Authors: S.P. Kaptein
1st Edition
0792350960, 978-0792350965
