Question
A company has earnings of $15,000,000. It has 2,150,000 shares outstanding and has excess cash on hand of $5,500,000 that can be used to repurchase
A company has earnings of $15,000,000. It has 2,150,000 shares outstanding and has excess cash on hand of $5,500,000 that can be used to repurchase shares. The stock is currently trading at $50 a share. What is the EPS after the repurchase?
| A. | $6.56 | |
| B. | $6.98 | |
| C. | $7.35 | |
| D. | $5.56 |
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Financial Accounting An Introduction To Concepts Methods And Uses
Authors: Sidney Davidson, Roman L. Weil, Clyde P. Stickney
2nd Edition
0030452961, 978-0030452963
