Compute earnings per share for the year

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Frantic fast foods had earnings after taxes of $390000 in the year 2009 with 300000 shares outstanding. On January 1, 2010, the firm issued 25000 new shares. Because of the proceeds from these new shares and other operating improvements, earnings after taxes increased by 20 percent. Compute earnings per share for the year of 2009? Compute earnings per share for the year of 2010?

Reference no: EM13160206

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