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Question 2 (1 point) Rockwell Paper Company had earnings after taxes of $780,000 in the year 2007 with 500,000 shares outstan
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Answer #1

Answer:

Option (d) $1.77 is correct

Earning After Tax of 2008
= $780,000* 120%
= $936,000

Number of Shares Outstanding in 2008
= 500,000 + 30,000
= 530,000

Earning per Share = $936,000 / 530,000
= $1.77

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