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Allen Lumber Company had earnings after taxes of $600,000 in the year 2021 with 200,000...

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Finance

Allen Lumber Company had earnings after taxes of $600,000 in the year 2021 with 200,000 shares outstanding. On October 1, 2022, the firm issued 40,000 new shares. The company took the proceeds from these new shares as well as other operating improvements and earnings after taxes improved by 20% in 2022. Calculate Earnings per share for the year 2022. [Show detailed calculation with the formula to get proper credit]

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