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

Question

1 Approved Answer

The Shabaaz Co. currently has 4,000,000 shares outstanding that are selling for $24,25. The the firm's net income is $6,500,000,50 the Earnings per Shares (EPS)

image text in transcribed
The Shabaaz Co. currently has 4,000,000 shares outstanding that are selling for $24,25. The the firm's net income is $6,500,000,50 the Earnings per Shares (EPS) is $1.63. The firm plans to use $5,000,000 in excess cash to repurchase shares at the current market price. If they execute this repurchase, what will be the firm's Earnings per Shares (EPS) after? $1.71$1.58$1.98$1.45$1.85

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

Supply Chain Finance And Blockchain Technology The Case Of Reverse Securitisation

Supply Chain Finance And Blockchain Technology The Case Of Reverse Securitisation

Authors: Erik Hofman, Urs Magnus Strewe, Nicola Bosia

1st Edition

3319623702, 978-3319623702

More Books

Students also viewed these Finance questions

Question

★★★★★
A refrigerator keeping 5oC inside is located in a 30oC room. It must have a high temperature T above room temperature and a low temperature T below the refrigerated space in the cycle to actually...

Answered: 1 week ago

Question

★★★★★
Why should you know your audiences the state of mind? [LO-1]

Answered: 1 week ago

Question

★★★★★
1, Under what circumstances should a company outsource some parts of its value chain activities?

Answered: 1 week ago

Question

★★★★★
The shareholders of the Pickwick Paper Company need to elect five directors. There are 200,000 shares outstanding. How many shares do you need to own to ensure that you can elect at least one...

Answered: 1 week ago

Question

★★★★★
The Shabaaz Co. currently has 4,000,000 shares outstanding that are selling for $24,25. The the firm's net income is $6,500,000,50 the Earnings per Shares (EPS) is $1.63. The firm plans to use...

Answered: 1 week ago

Question

★★★★★
Can you provide a code to submit on website? Write a class with a constructor that accepts a String obiect as its argument. The class should have a method that returns the number of vowels in the...

Answered: 1 week ago

Question

★★★★★
A team is working on a hybrid project. Due to different interpretations of the project requirements, the deliverables are not aligned to the expectations What steps should the project manager have...

Answered: 1 week ago

Question

★★★★★
The term debit, as it is used when recording a journal entry, refers to the left side of the account True Fale

Answered: 1 week ago

Question

★★★★★
If you want to be a Decision Observer, what should you do? Select an answer: Make sure decision teams have had bias training. Be excited and empowered to guide the decision process. Take the...

Answered: 1 week ago

Question

★★★★★
Linda owns a backhoe and does small, residential construction jobs. She doesn't have any employees, wants to expand her little company and decides she could use a small bulldozer but didn't want to...

Answered: 1 week ago

Question

★★★★★
Claim amounts from a portfolio have the distribution with PDF f(x) = 2cxex, x0. An individual excess of loss reinsurance arrangement with retention limit M = 3 is in force. A sample of the...

Answered: 1 week ago

Previous Question Next Question