FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1 XYZ, Inc., has just announced the repurchase of $150,000 of its stock. The company has 44,000 shares outstanding and earnings per share of $3.39.

image text in transcribed

1 XYZ, Inc., has just announced the repurchase of $150,000 of its stock. The company has 44,000 shares outstanding and earnings per share of $3.39. The company stock is currently selling for $76.74 per share. What is the price-earnings ratio after the repurchase? X 01:07:15 Multiple Choice 23.14 times o 22.64 times 21.01 times 21.63 times 23.64 times

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managing Finance A Socially Responsible Approach

Managing Finance A Socially Responsible Approach

Authors: D. Crowther

1st Edition

0750661011, 978-0750661010

More Books

Students also viewed these Finance questions

Question

★★★★★
Four machines used to produce a family of parts are to be arranged into a GT cell. The from to data for the parts processed by the machines are shown in the table below. (a) Determine the most...

Answered: 1 week ago

Question

★★★★★
Conduct a multiple comparison of means by Tukeys method to determine exactly where the significant differences occur in Problem 34. Data From Problem 34 Is there a relationship between a mothers...

Answered: 1 week ago

Question

★★★★★
The distribution function of a random variable X is given by for some positive constants a and k. (i) Find the value of the probabilities P(X = 0) and P(X = a). (ii) For what value of k, we have P(X...

Answered: 1 week ago

Question

★★★★★
A manufacturer claims that through the use of a fuel additive, automobiles should achieve, on average, an additional 5 miles per gallon of gas. A random sample of 100 automobiles was used to evaluate...

Answered: 1 week ago

Question

★★★★★
Logistics Solutions provides order fulfillment services for dot.com merchants. The company maintains warehouses that stock items carried by its dot.com clients. When a client recelves n order from a...

Answered: 1 week ago

Question

★★★★★
Of the list below what is NOT tax deductible for homeowners? Points in mortgage loans Mortgage interest Property taxes Maintenance expenses

Answered: 1 week ago

Question

★★★★★
earch Scenario and activity: You are initially working with a selection of these small businesses that have been trading for three years and which now need annual trading statements to be compiled...

Answered: 1 week ago

Question

★★★★★
Your facility belongs to one of three health care delivery systems in the city. Competition is fierce. You have been asked to serve on a committee to study and recommend the retention or deletion of...

Answered: 1 week ago

Question

★★★★★
Read all the articles on journaling; what approach in the articles did you find helpful and why? Mention that you have reviewed the journaling materials and what you learned; let us know if you have...

Answered: 1 week ago

Question

★★★★★
Write a simplified printf subroutine that takes a variable amount of arguments. The first ar- gument for your subroutine is the format string. The rest of the arguments are printed instead of the...

Answered: 1 week ago

Question

★★★★★
1.Provide at least five years of Free Cash Flow Projections for the Company to be used to determine and calculate the intrinsic value of the Company. 2.Calculate the Valuation of the Company using...

Answered: 1 week ago

Question

★★★★★
The text identifies five areas where discrimination in employment is most common: recruitment, selection, compensation, upward mobility, and evaluation. In your opinion, how is Google doing in these...

Answered: 1 week ago

Question

★★★★★
Do you agree that people who work together can date? How might dating lead to sexual harassment? Should organizations have policies about employee dating? If they have policies, what should the...

Answered: 1 week ago

Question

★★★★★
Some companies and jobs have a mandatory retirement age. Should the government pass a law stating a mandatory retirement age?

Answered: 1 week ago

Previous Question Next Question