Question
sosa diet supplements had earnings after taxes of $1,110,000 in 20X1 with 380,000 shares of stock outstanding. On January 1, 20X2, the firm issued 60,000
sosa diet supplements had earnings after taxes of $1,110,000 in 20X1 with 380,000 shares of stock outstanding. On January 1, 20X2, the firm issued 60,000 new shares. Because of the proceeds from these new shares and other operating improvements, earnings after taxes increased by 30 percent.
a. compute earnings per share for the year 20X1.
b. compute earnings per share for the year 20X2.
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The Handbook Of Traditional And Alternative Investment Vehicles Investment Characteristics And Strategies
Authors: Mark J. P. Anson, Frank J. Fabozzi, Frank J. Jones
1st Edition
0470609737, 978-0470609736
