Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

5. Green Thumb Nursery has 41,000 shares outstanding at a market price of $63.33 per share. The earnings per share are $3.33. The firm has

5. Green Thumb Nursery has 41,000 shares outstanding at a market price of $63.33 per share. The earnings per share are $3.33. The firm has total assets of $338,000 and total liabilities of $195,000. Today, the firm announced a share repurchase for $93,000 of its stock. What is the earnings per share after the repurchase?

A. $3.45

B. $3.52

C. $3.33

D. $3.23

E. $3.58

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

Financial management theory and practice

Authors: Eugene F. Brigham and Michael C. Ehrhardt

13th edition

1439078106, 111197375X, 9781439078105, 9781111973759, 978-1439078099

More Books

Students also viewed these Finance questions

Question

Evaluate three pros and three cons of e-prescribing

Answered: 1 week ago