Lazy Susan Diners had earnings after taxes of $450,000 in the year 2021 with 250,000 shares outstanding. On January 1, 2022, the firm issued 30,000 new shares. Because of the proceeds from these new shares and other operating improvements, earnings after taxes increased by 25 percent.
a. Compute earnings per share for the year 2021.Earnings per share=(xxx)/(xxx)
=$xxx/$xxx
=$x.x
b. Compute earnings per share for the year 2022.
Earnings after taxes= (xxx (x+xx%))/(xxx+xxx)
= ($xxx (x+xx%))/(xxx, xxx+xx, xxx)
= xxx, xxx/xxx, xxx
=$x.xxx
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