Shares of stock outstanding

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Botox Facial Care had earnings after taxes of $280,000 in 2009 with 200,000 shares of stock outstanding. The stock price was $30.80. In 2010, earnings after taxes increased to $320,000 with the same 200,000 shares outstanding. The stock price was $40.00.

Give a general explanation of why the P/E ratio changed

The Stock price increased by ...... % while EPS only increased ........ %

Reference no: EM131625165

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