Frantic Fast Foods had earnings after taxes of $960,000 in 20X1 with 362,000 shares outstanding. On January 1, 20X2, the firm issued 33,000 new shares. Because of the proceeds from these new shares and other operating improvements, earnings after taxes increased by 21 percent.
a. Compute earnings per share for the year 20X1.
b. Compute earnings per share for the year 20X2.
The Fitness Studio, Inc., 2021 income statement lists the following income and expenses:
| EBITDA | $939,000 |
| EBIT | $777,500 |
| Interest expense | $116,000 |
| Taxes | $231,525 |
The firm has no preferred stock outstanding and 100,000 shares of common stock outstanding.
Calculate the 2021 earnings per share.
Julie, Inc., has a total debt ratio of 0.20. In addition, the company had additions to retained earnings for the year just ended of $400,000, the firm paid out $250,000 in cash dividends, and it has an ending total equity of $4 million.
If Julie, Inc. currently has 300,000 shares of common stock outstanding, what are earnings per share?
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