Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 08, 2024

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.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions

Question

22. The accompanying data set consists of observations on shear strength (lb) of ultrasonic spot welds made on a certain type of alclad sheet. Construct a relative frequency histogram based on ten...

Answered: 1 week ago

Question

★★★★★

Lehne Company, which has only one product, has provided the following data concerning its most recent month of operations: Selling price ...............$112 Units in beginning inventory .........500...

Answered: 1 week ago

Question

★★★★★

I need this information below to be inputted into a Journal on a excel spreed sheet; I need a respond to this question prior to 11:00pm california time line. I need this to put into an excel spreed...

Answered: 1 week ago

Question

★★★★★

Karim Corporation requires a minimum $ 8 , 9 0 0 cash balance. Loans taken to meet this requirement cost 2 % interest per month ( paid at the end of each month ) . Any preliminary cash balance above...

Answered: 1 week ago

Question

★★★★★

According to the predictions of quantum mechanics, could atomic clocks also have errors, and there would be no instrument at all to point out the errors, still due to quantum mechanical limitations?

Answered: 1 week ago

Question

★★★★★

250 mL of a waste solution obtained from the workshop of a goldsmith contains 0.1 M AgNO 3 and 0.1M AuCl . The solution was electrolyzed at 2V by passing current of 1A for 15 min .The metal/metals...

Answered: 1 week ago

Question

★★★★★

If you have two vibrating tuning forks that create a binaural beat of 440 Hz, would they be able to make a third tuning fork calibrated to 440 Hz resonate?

Answered: 1 week ago

Question

★★★★★

The following is a pedigree of PKU that is associated with a mutation in the PAH gene. Note: Filled squares or circles represent PKU patients. Assume that no other mutation arises within the...

Answered: 1 week ago

Question

★★★★★

The diagram below shows a signaling pathway that is activated following the binding of adrenaline to the -adrenergic receptor. The major steps of this signaling pathway are outlined below and also...

Answered: 1 week ago

Previous Question Next Question