Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I want to know am I correct following the stock of a screwdriver manufacturer called TST Tools Inc. On October 31, 2019, TST Tools Inc.
I want to know am I correct
following the stock of a screwdriver manufacturer called TST Tools Inc. On October 31", 2019, TST Tools Inc. has 10,000 shares outstanding and based on your analysis of its performance, you expect TST Tools Inc. to report an earnings per share of $4.00 for the quarter ended on December 31", 2019. On November 30", 2019 TST Tools Inc. files an 8-K' announcement, in which it says that it has to take a one-time impairment charge for its Goodwill in Mong Kok Inc. of $9,000. On December 31", 2019, TST Tools reports an earnings per share of $3.25 for the quarter of October 15, 2019 to December 31", 2019. Would you revise your expectation of TST Tools. Inc.'s EPS after November 30", 2019 and, if yes, by how much? (3 points) following the stock of a screwdriver manufacturer called TST Tools Inc. On October 31", 2019, TST Tools Inc. has 10,000 shares outstanding and based on your analysis of its performance, you expect TST Tools Inc. to report an earnings per share of $4.00 for the quarter ended on December 31 2019. On November 30, 2019 TST Tools Inc. files an 8-K' announcement, in which it says that it has to take a one-time impairment charge for its Goodwill in Mong Kok Inc. of $9,000. On December 31", 2019, TST Tools reports an earnings per share of $3.25 for the quarter of October 1", 2019 to December 31", 2019. Would you revise your expectation of TST Tools. Inc.'s EPS after November 30", 2019 and, if yes, by how much? (3 points) Expected E.P.S : 4 - 40000 Now net incoml - 40000-9000 New FPS' Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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