Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 13, 2024

Green Thumb Nursery has 55,000 shares outstanding at a market price of $63.61 per share. The earnings per share are $3.61. The firm has total

Green Thumb Nursery has 55,000 shares outstanding at a market price of $63.61 per share. The earnings per share are $3.61. The firm has total assets of $366,000 and total liabilities of $209,000. Today, the firm announced a share repurchase for $121,000 of its stock. What is the earnings per share after the repurchase?

Multiple Choice

$3.87

$3.74

$3.51

$3.61

$3.80

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

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

Step: 2

Step: 3

Ace Your Homework with AI

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

Get Started

Students also viewed these Finance questions

Question

=+Dependent Variable is: Asking Price s = 67013 R-Sq = 71.1% R-Sq(adj) = 64.6% Predictor Coeff SE(Coeff) t-ratio P-value Intercept -152037 85619 -1.78 0.110 Baths 9530 40826 0.23 0.821 Area 139.87...

Answered: 1 week ago

Question

★★★★★

Ted Thorndikes friend Mary Stuart teaches a statistics course at the local university, and she has asked Ted to stop in and talk to the class about statistics as it relates to sports. Among the...

Answered: 1 week ago

Question

★★★★★

View Policies Current Attempt in Progress Periods Present Value of an Annuity of 1 8% 10% 0.926 0.917 0.909 1.783 1.759 1.736 2.577 2.531 2.487 1 2 3 A company has a minimum required rate of return...

Answered: 1 week ago

Question

★★★★★

Rob's property was condemned by the state. He did not hold the property for use in a trade or business or for investment. The adjusted basis of his property was $126,000 and the state paid Rob...

Answered: 1 week ago

Question

★★★★★

For our first paper you will have the option of writing about one of three topics: Abortion, Euthanasia, or the Death Penalty. Each topic will have two articles which you must fully read, understand,...

Answered: 1 week ago

Question

★★★★★

7. Greta has experienced severe major depressive disorder for the past 3 years. She calls her primary care physician complaining of stomach pains. Her primary care provider (PCP) explains that her...

Answered: 1 week ago

Question

★★★★★

An investor wants to purchase a stock that sells for $48. What is the value of a one-year put option to buy the stock at $45, if debt currently yields 8% and the standard deviation of stock returns...

Answered: 1 week ago

Question

★★★★★

Feminist Ethics examines various systems and institutions to look at ways that they have unfairly distributed power. Choose TWO out of the following institutions and give and explain a way that each...

Answered: 1 week ago

Question

★★★★★

The following expression gives what polynomial? Where I is the identity matrix, A is given as, 11-3 A = [ 03 118] ] |sl-A| = ? B = = [2] C = [10] D = [0]

Answered: 1 week ago

Previous Question Next Question