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sosa diet supplements had earnings after taxes of $1,090,000 in 20X1 with 380,000 shares of stock outstanding. On January 1, 20X2, the firm issued 86,000
sosa diet supplements had earnings after taxes of $1,090,000 in 20X1 with 380,000 shares of stock outstanding. On January 1, 20X2, the firm issued 86,000 new shares. Because of the proceeds from these new shares and other operating improvements, earnings after taxes increased by 28 percent.
a. compute earnings per share for the year 20X1.
b. compute earnings per share for the year 20X2.
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