The balance sheet for Ferguson Corp. is shown here in market value terms. There are 9,000 shares of stock outstanding. Market Value Balance Sheet Cash $ 44,600 Equity $ 444,600 Fixed assets 400,000 Total $ 444,600 Total $ 444,600 Instead of a dividend of $1.50 per share, the company has announced a share repurchase of $13,500 worth of stock. How many shares will be outstanding after the repurchase? (Do not round intermediate calculations. Round your final answer to 2 decimal places, e.g., 32.16.) Shares outstanding What will the price per share be after the repurchase? (Do not round intermediate calculations. Round your final answer to 2 decimal places, e.g., 32.16.) New stock price $

The Cincinnati Chili Kitchen has just announced the repurchase of $140,000 of its stock. The company has 42,000 shares outstanding and earnings per share of $3.35. The company stock is currently selling for $76.48 per share. What is the price-earnings ratio after the repurchase?

The balance sheet for Tempest, Inc., is shown here in market value terms. There are 29,000 shares of stock outstanding. Market Value Balance Sheet Cash Fixed assets $156,000 560,010 Equity $716,010 Total $ 716,010 Total $716,010 The compay has announced it is going to repurchase $49,300 worth of stock instead of paying a dividend of $1.70. a. What effect will this transaction have on the equity of the firm? (Input the answer as positive value. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) b. How many shares will be outstanding after the repurchase? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) c. What will the price per share be after the repurchase? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. The transaction will b. New shares outstanding c. Share price shareholders' equity by

The Liang Company's balance sheet has the following capital section.  Liang's stock is currently selling for $5 per share.   Common Stock (50,000 shares at $1 par)                  $50,000 Capital in Excess of Par                                               50,000 Retained Earnings                                                       100,000                                                                                   $200,000 If Liang declared a 10% stock dividend instead of doing the stock split, what would the relevant section of the balance sheet look like?

The balance sheet for Chevelle Corp. is shown here in market value terms. There are 9,000 shares of stock outstanding. Market Value Balance Sheet Cash $43,700 Fixed assets 310,000 Total $353,700 Equity $353,700 Total $353,700 Instead of a dividend of $1.40 per share, the company has announced a share repurchase of $12,600 worth of stock. How many shares will be outstanding after the repurchase? (Do not round intermediate calculations and round your final answer to 2 decimal places. What will the price per share be after the repurchase? (Do not round intermediate calculations and round your final answer to 2 decimal places.

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Bernard Corporation wants to obtain P4 million in its first public issue of common stock. After the issuance, the total market value of a stock is estimated at $10  million. At present, there are 120,000 closely-held shares. REQUIREMENTS: (a) What is the amount of new shares that must be issued to obtain the P4 million? (b) After the stock issuance,  what will be the expected price per share?

The market capitalization of Morning Rose Corp. is $5,580,000 at the company's most recent trade of $9.00 per share. How many shares of stock are outstanding?