Power Temporaries Inc. has earnings of $6,000,000 with 2,700,000 shares outstanding before a public distribution. Nine hundred thousand shares will be included in the sale, of which 600,000 are new corporate shares and 300,000 shares that Julie is selling are referred to as a secondary offering and all proceeds will go to her. (Round the final answers to 2 decimal places)

A) What were the corporation's earnings per share before the offering?

EPS= 6,000,000/2,700,000 = $2.22 per share

B) What are the corporation's earnings per share expected to be after the offering?

EPS =