EXERCISES 1. Rockwell Paper Company had earnings after taxes of $580,000 in the form 2003 with 400,000 shares of stock outstanding. On January 1, 2004 the firm issued 35,000 impudently shares. Because of the proceeds from these sensitive shares and other operating improvements, earnings after taxes increased by 25 percent. a. depend earnings per share for the year 2003. b. cipher earnings per share for the year 2004. ................................................................................................................................................................................................ ................................................................................................................................................................................................ ....................................................................................................................................................................................... ......... ................................................................................................................................................................................................ ......................................................................................................................
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