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en Thumb Nursery has 47,000 shares outstanding at a market price of $63.45 per share. The 000. Today, the firm announced a share repurchase for $105,000 of its stock. What is the s

en Thumb Nursery has 47,000 shares outstanding at a market price of $63.45 per share. The 000. Today, the firm announced a share repurchase for $105,000 of its stock. What is the s

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Green Thumb Nursery has 47,000 shares outstanding at a market price of $63.45 per share. The earnings per share are $345. The firm has total assets of $350,000 and total liabilities of $201,000. Today, the firm announced a share repurchase for $105,000 of its stock. What is the earnings per share after the repurchase? Multiple Choire Help
Transcribed Image Text:Green Thumb Nursery has 47,000 shares outstanding at a market price of $63.45 per share. The earnings per share are $345. The firm has total assets of $350,000 and total liabilities of $201,000. Today, the firm announced a share repurchase for $105,000 of its stock. What is the earnings per share after the repurchase? Multiple Choire Help
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