Determine earnings per share for 2009 and 2010

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Frantic Fast Foods had earnings after taxes of $1,070,000 in the year 2009 with 311,000 shares outstanding. On January 1, 2010, the firm issued 31,000 new shares. Because of the proceeds from these new shares and other operating improvements, earnings after taxes increased by 24 percent.

Evaluate earnings per share for 2009 and 2010

Reference no: EM1344702

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