Determine what was the earnings per share for the year 2010

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allen lumber company had earnings after taxes of $547,000 in the year 2009 with 400,000 shares outstanding. on january 1, 2010, the firm issued 26,000 new shares. because of the proceeds from these new shares and other operating improvements, 2010 earnings was 34 % higher than in 2009. What was the earnings per share for the year 2010.

Reference no: EM13333363

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