Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
7th Edition
ISBN: 9780357033609
Author: Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher: Cengage Learning
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Sub: Accounting

Question:1.2
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? (rounded to two decimal places).
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Transcribed Image Text:Question:1.2 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? (rounded to two decimal places).
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