Loose Leaf for Foundations of Financial Management Format: Loose-leaf
Loose Leaf for Foundations of Financial Management Format: Loose-leaf
17th Edition
ISBN: 9781260464924
Author: BLOCK
Publisher: Mcgraw Hill Publishers
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Chapter 2, Problem 2P

Sosa Diet Supplements had earnings after taxes of $800,000 in 20X1 with 200,000 shares of stock outstanding. On January 1, 20X2, the firm issued 50,000 new shares. Because of the proceeds from these new shares and other operating improvements, earnings after taxes increased by 30 percent.

a. Compute earnings per share for the year 20X1.

b. Compute earnings per share for the year 20X2.

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Frantic Fast Foods had earnings after taxes of $1,200,000 in 20X1 with 315,000 shares outstanding. On January 1, 20X2, the firm issued 28,000 new shares. Because of the proceeds from these new shares and other operating improvements, earnings after taxes increased by 29 percent.a. Compute earnings per share for the year 20X1. (Round your answer to 2 decimal places.)       b. Compute earnings per share for the year 20X2. (Round your answer to 2 decimal places.)
Frantic Fast Foods had earnings after taxes of $900,000 in 20X1 with 301, 000 shares outstanding. On January 1, 20X2, the firm issued 32,000 new shares. Because of the proceeds from these new shares and other operating improvements, earnings after taxes increased by 28 percent. Compute earnings per share for the year 20X1. Note: Round your answer to 2 decimal places. Compute earnings per share for the year 20X2. Note: Round your answer to 2 decimal places.
Frantic Fast foods had earnings after taxes of $420,000 20XI with 309,00 shares outstanding. On January 1, 20X2, the firm issued 20,000 new shares. Because of the proceeds from these new shares and other operating improvements, earnings after taxes increased by 30 percent. Compute earnings per share for the year 20XI. Compute earnings per shar for the year 20X2

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Loose Leaf for Foundations of Financial Management Format: Loose-leaf

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Earnings per share (EPS), basic and diluted; Author: Bionic Turtle;https://www.youtube.com/watch?v=i2IJTpvZmH4;License: Standard Youtube License