Lab 2 Chapter 2 1 1 Far East Fast Foods had earnings after taxes of $870,000 in the year 20XX with 355,000 shares outstanding. On January 1, 20XY, the firm issued 5,000 new shares. Because of the proceeds from these new shares and other operating improvements, earnings after taxes increased by 24 percent. a. Compute EPS of the year 20XX. (Round the final answer to 2 decimal places.) 10 points EPS b. Compute EPS of the year 20XY (Round the final answer to 2 decimal places.) eBook EPS Print References