Details of this Paper

FIN - Allen Lumber company

Description

solution


Question

Question;Allen Lumber company had earnings after taxes of $580,000 in the year 2006 with 400,000 shares outstanding on December 31, 2006. On January 1, 2007, the firm issued 35,000 new shares. Because of the proceeds from these new shares and other operating improvements, 2007 earnings after taxes were 25% higher than in 2006. Earnings per share for the year 2007 were?

 

Paper#50268 | Written in 18-Jul-2015

Price : $22
SiteLock