Investment

Delta Cabinets has 13,000 shares of stock outstanding at a market price of $19 a share. The earnings per share are $1.34. The firm has current assets of $49,000, net fixed assets of $220,000, and total liabilities of $187,000. Today, the firm is paying a cash dividend of $.40 a share. Ignore taxes. After the dividend, the firm's: Select one: Oa- shareholder value per share will be $18.60. O b. earnings per share will be $.94. O c. price-earnings ratio will be 13.88. O d. book value per share will be $6.31 O e. stock price will be $19.00