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

Question

1 Approved Answer

XYZ, Inc., has just announced the repurchase of $125,000 of its stock. The company has 39,000 shares outstanding and earnings per share of $3.29. The

image text in transcribed

XYZ, Inc., has just announced the repurchase of $125,000 of its stock. The company has 39,000 shares outstanding and earnings per share of $3.29. The company stock is currently selling for $76.09 per share. What is the price-earnings ratio after the repurchase? Multiple Choice 24.10 times 21.52 times 22.15 times 23.61 times 23.13 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

Step: 3

blur-text-image

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

Healthcare Finance An Introduction To Accounting And Financial Management

Healthcare Finance An Introduction To Accounting And Financial Management

Authors: Louis C. Gapenski

4th Edition

1567932800, 978-1567932805

Students also viewed these Finance questions

Question

★★★★★
Why do some donors consider the qualified terminable interest property (QTIP) transfer an especially attractive arrangement for making gifts to their spouses?

Answered: 1 week ago

Question

★★★★★
(p q) Using AND-gates, OR-gates, and NOT-gates, design circuits that would find the truth values for the statements in Problems 3237.

Answered: 1 week ago

Question

★★★★★
Describe how mixed methods analysis and interpretation issues are addressed.

Answered: 1 week ago

Question

★★★★★
Doctors Mobey, Oak, and Chesterfield have been in a group practice for several years. Mobey and Oak are family practice physicians, and Chesterfield is a general surgeon. Chesterfield receives many...

Answered: 1 week ago

Question

★★★★★
A Company manufactures a product in a single process. The Closing stock of work in process was 10,000 units (65% complete) and the value of closing stock of work in process was OMR 19,500. 1-. The...

Answered: 1 week ago

Question

★★★★★
Balfour Corporation acquired 100% of Tobac Inc., a foreign corporation, for 33,000,000 FC. The acquisition, which was accounted for as a purchase, occurred on July 1, 20X5, when Tobacs equity, in FC,...

Answered: 1 week ago

Question

★★★★★
Which statement about the term structure of interest rates isnot correct? A. plots spot rates as a function of maturities B. usually is upward sloping, but can take many shapes from timeto time C. is...

Answered: 1 week ago

Question

★★★★★
The CM method facilitates concurrent project activities, some work on the project site can begin before construction documents are entirely complete. The CM method facilitates concurrent project...

Answered: 1 week ago

Question

★★★★★
On 1 July 2016, Rock Ltd acquired ( ex div .) all of the issued capital of Wallaby Ltd. The recorded equity of Wallaby Ltd at this date consisted of: Share capital$120 000 General reserve25 000...

Answered: 1 week ago

Question

★★★★★
Which examples of headings, lists, and colons show correct capitalization? Instruction: Choose all options that best answer the question. Answer Choices The CFO released the document "Taxation...

Answered: 1 week ago

Question

★★★★★
haimi, [25/05/2022 3:47 PM] A small business enterprise makes dresses and trousers. To make a dress requires 2 hours of cutting and 2 hours of sewing. To make trousers requires 1 hour of cutting and...

Answered: 1 week ago

Question

★★★★★
A training organisation purchases aheavy volume copier for large workloadson 1/7/2022 for $36,000 [GST exclusive]. It has a useful life of 4 years and a residual value of $4,000 [GST exclusive]....

Answered: 1 week ago

Question

★★★★★
18. Where will they read or interact with the communication piece? (format and media)

Answered: 1 week ago

Question

★★★★★
9. How are they similar to you? (specifically)

Answered: 1 week ago

Question

★★★★★
13. What are their tastes? (refined, middle class, or subsistence)

Answered: 1 week ago

Previous Question Next Question