Question
The balance sheet for Ferguson Corp. is shown here in market value terms. There are 8,000 shares of stock outstanding. Market Value Balance Sheet Cash
| The balance sheet for Ferguson Corp. is shown here in market value terms. There are 8,000 shares of stock outstanding. |
| Market Value Balance Sheet | ||||||
| Cash | $ | 44,400 | Equity | $ | 424,400 | |
| Fixed assets | 380,000 | |||||
| Total | $ | 424,400 | Total | $ | 424,400 | |
| Instead of a dividend of $1.20 per share, the company has announced a share repurchase of $9,600 worth of stock. |
| How many shares will be outstanding after the repurchase? (Do not round intermediate calculations. Round your final answer to 2 decimal places, e.g., 32.16.) |
| Shares outstanding |
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Financial Modeling An Introductory Guide To Excel And VBA Applications In Finance
Authors: Joachim Häcker, Dietmar Ernst
1st Edition
1137426578, 978-1137426574
