Question
Frantic Fast Foods had earnings after taxes of $810,000 in 20X1 with 390,000 shares outstanding. On January 1, 20X2, the firm issued 50,000 new shares.
Frantic Fast Foods had earnings after taxes of $810,000 in 20X1 with 390,000 shares 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 25 percent. a. Compute earnings per share for the year 20X1. (Round your answer to 2 decimal places.) b. Compute earnings per share for the year 20X2. (Round your answer to 2 decimal places.)
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Financial Planning & Analysis And Performance Management
Authors: Jack Alexander
1st Edition
1119491487, 9781119491484
