FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

J&R Corporation plans to repurchase $10.000 of its stock. The company has 35,000 shares outstanding and earnings per share of $3.23. The company stock is

image text in transcribed
J&R Corporation plans to repurchase $10.000 of its stock. The company has 35,000 shares outstanding and earnings per share of $3.23. The company stock is currently selling for 575.70 per share: What is the price-earnings ratio after the repurchase? Multiple Choice 23.91 times 2438 times 23.44 times 2185 times 22.43 times

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_2

Step: 3

blur-text-image_3

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

Regulation Of Securities Markets And Transactions

Regulation Of Securities Markets And Transactions

Authors: Patrick S. Collins

1st Edition

0470601965, 978-0470601969

More Books

Students also viewed these Finance questions

Question

★★★★★
Examine the concept of time value of money in relation to corporate managers. Propose two (2) methods in which time value of money can help corporate managers in general. Examine the pros and cons of...

Answered: 1 week ago

Question

★★★★★
(a) What is a directive style? (b) What are the important differences among directive style subtypes? AppendixLO1

Answered: 1 week ago

Question

★★★★★
46 Life tests of cutting tools. To improve the quality of the output of any production process, it is necessary first to understand the capabilities of the process (For example, see Gitlow, H.,...

Answered: 1 week ago

Question

★★★★★
Describe the steps in the traditional organizing drive. What nontraditional organizing tactics are unions using to increase their membership ranks?

Answered: 1 week ago

Question

★★★★★
USE THE FOLLOWING INFORMATION FOR THE NEXT PROBLEM(S) Steve has a margin account with a balance of $60,000. If initial margin requirements are 80 percent, and Jessy Industries is currently selling at...

Answered: 1 week ago

Question

★★★★★
pun b audi Slaterers Using the Trial Balance above, prepare the income Statement, the Statement of Retained Earnings and the Balance Sheet for Cross Corporation as of December 31, 2014 ping Financial...

Answered: 1 week ago

Question

★★★★★
Predict the boiling heat-transfer coefficient for water under pressure boiling at 250 F for a horizontal surface of 78-in.-thick stainless steel having a k of 9.4 btu/h . ft . F. The heating medium...

Answered: 1 week ago

Question

★★★★★
2. Given the following pseudocode, which values will the variables a, b, c and d have after the execution of the algorithm?. Write the results separated by a blank space. Example: if the result at...

Answered: 1 week ago

Question

★★★★★
Wonderer Inc. incurred the following expenditures in 2020: Purchase of land with a dilapidated building at the beginning of the year (no significant value) P5,600,000 Land survey 208,000 Fees for...

Answered: 1 week ago

Question

★★★★★
Enzyme e (at a starting concentration of 0.2 mol l) catalyzes the transformation of reactant s (the substrate) to product r according to reaction 1: s+e-----> r+e (reaction 1) it is known that there...

Answered: 1 week ago

Question

★★★★★
Working off one of the cases in your book, if a person takes a sleep medication prescribed by his doctor in accordance with the FDA and the person unknowingly drives while under the influence of the...

Answered: 1 week ago

Question

★★★★★
Explain the major provisions of employee benefits programs. page 539

Answered: 1 week ago

Question

★★★★★
Discuss the growth in benefits costs and the underlying reasons for that growth. page 536

Answered: 1 week ago

Question

★★★★★
Describe the effects of benefits management on cost and workforce quality. page 553

Answered: 1 week ago

Previous Question Next Question