Answered step by step
Verified Expert Solution
Question
1 Approved Answer
XYZ, Inc., has just announced the repurchase of $165,000 of its stock. The company has 47,000 shares outstanding and earnings per shar of $3.45. The
XYZ, Inc., has just announced the repurchase of $165,000 of its stock. The company has 47,000 shares outstanding and earnings per shar of $3.45. The company stock is currently selling for $77.13 per share. What is the price-earnings ratio after the repurchase? Multiple Choice 23 37 times O. 2236 times 2134 times 22 87 time
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started