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Frantic Fast Foods had earnings after taxes of 390000.00 in year 2009 with 300000.00 shares outstanding. On January 1, 2010 the firm issued 25000 new shares. Because of the proceeds from these new shares and other operating improvements, earnings after taxes increased by 20 percent. Compute earnings per share for the year 2009

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9432509

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