EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN: 9781337514835
Author: MOYER
Publisher: CENGAGE LEARNING - CONSIGNMENT
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General Accounting Question Solve Please
Transcribed Image Text:Green Thumb Nursery has 11,000 shares of stock outstanding at a market
price of $18 per share.
The current earnings per share are $1.47.
The firm has total assets of $286,000 and total liabilities of $86,000.
Next week, the firm will be repurchasing $36,000 worth of stock.
Ignoring taxes, what will be the earnings per share after the stock repurchase?
a) $1.797
b) $1.832
c) $1.848
d) $1.620
e) $1.883
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