Compute eps of the year 20xx, Financial Accounting

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Compute eps of the year 20xx

Problem

Far East Fast Foods had earnings after taxes of $1,190,000 in the year 20XX with 399,000 shares outstanding. On January 1, 20XY, the firm issued 27,000 new shares. Because of the proceeds from these new shares and other operating improvements, earnings after taxes increased by 24 percent.

1. Compute EPS of the year 20XX.

2. Compute EPS of the year 20XY.

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Financial Accounting: Compute eps of the year 20xx

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Financial Accounting: Compute eps of the year 20xx

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