Green Thumb Nursery has 11,000 shares of stock outstanding at a marketprice of $18 per share.The current earnings per share are $1.47.The firm has total assets of $286,000 and total liabilities of $86,000.Next week, the firm will be repurchasing $36,000 worth of stock.Ignoring taxes, what will be the earnings per share after the stockrepurchase?a) $1.797b) $1.832c) $1.848d) $1.620e) $1.883

To determine the earnings per share (EPS) after the stock repurchase, we need to follow these steps:…

Answered: Green Thumb Nursery has 11,000 shares…

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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