24- ABC Inc. has 46,000 shares outstanding at a market price of $63.43 per share. The earnings per share are $3.43. The firm has total assets of $348,000 and total liabilities of $200,000. Today, the firm announced a share repurchase for $155,000 of its stock. What is the earnings per share after the repurchase? a. $3.62 b. $3.68 c. $3.33 d. $3.56 e. $3.43

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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24- ABC Inc. has 46,000 shares outstanding at a market price of $63.43 per share.
The earnings per share are $3.43. The firm has total assets of $348,000 and total
liabilities of $200,000. Today, the firm announced a share repurchase for
$155,000 of its stock. What is the earnings per share after the repurchase?

a. $3.62
b. $3.68
c. $3.33
d. $3.56
e. $3.43

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