Earnings available to common shareholders

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Allen Lumber Company had EACS (earnings available to common shareholders) of $580,000 in the year 2010 with 400,000 common shares outstanding. On January 1, 2011, the firm issued 35,000 new shares. Because of the proceeds from these new shares and other operating improvements, 2011 earnings were 25 percent higher than in 2010. Earnings per share for the year 2011 are:

Reference no: EM13873377

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