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Sosa Diet Supplements had earnings after taxes of $900,000 in the year 2011 with 390,000 shares of stock outstanding. On January 1, 2012, the firm

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Sosa Diet Supplements had earnings after taxes of $900,000 in the year 2011 with 390,000 shares of stock outstanding. On January 1, 2012, the firm issued 51,000 new shares. Because of the proceeds from these new shares and other operating improvements, earnings after taxes increased by 27 percent. a. Compute earnings per share for the year 2011. Earnings per share $ b. Compute earnings per share for the year 2012. Earnings per share $

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