Exercises

EXERCISES 1. Rockwell Paper Company had earnings after taxes of $580,000 in the stratum 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 new(a) shares and other operating improvements, earnings after taxes increased by 25 percent. a. depend earnings per share for the year 2003. b. see earnings per share for the year 2004. ................................................................................................................................................................................................ ................................................................................................................................................................................................ .......................................................................................................................................................................................... ...... ................................................................................................................................................................................................ ......................................................................................................................

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