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Compute earnings per share for the year

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Reference no: EM132203924

Far Fast Foods had earnings after taxes of $230,000 in the year 2014 with 200,000 shares outstanding. On January 1, 2015, the firm issued 30,000 new shares. Because of the proceeds from these new shares and other operating improvements, earnings after taxes increased by 20 percent.

a. Compute earnings per share for the year 2000.

b. Compute earnings per share for the year 2001.

Reference no: EM132203924

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