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Determine the earnings per share for the year

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Question - Allen Lumber Company had earnings after taxes of $510,000 in the year 2015 with 410,000 shares outstanding on December 31, 2015. On January 1, 2016, the firm issued 32,000 new shares. The company took the proceeds from these new shares as well as other operating improvements and earned $642,600 earnings after taxes in 2016. Determine the Earnings per share for the year 2016?

Reference no: EM132975929

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