Green Thumb Nursery has 38,000 shares outstanding at a market price of $63.27 per share. The earnings per share are $3.27. The firm has total assets of $332,000 and total liabilities of $192,000. Today, the firm announced a share repurchase for $87,000 of its stock. What is the earnings per share after the repurchase? a. $3.39 b. $3.52 c. $3.18 d. $3.27 e. $3.45
Green Thumb Nursery has 38,000 shares outstanding at a market price of $63.27 per share. The earnings per share are $3.27. The firm has total assets of $332,000 and total liabilities of $192,000. Today, the firm announced a share repurchase for $87,000 of its stock. What is the earnings per share after the repurchase? a. $3.39 b. $3.52 c. $3.18 d. $3.27 e. $3.45
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![Green Thumb Nursery has 38,000 shares outstanding at a market price of
$63.27 per share. The earnings per share are $3.27. The firm has total assets
of $332,000 and total liabilities of $192,000. Today, the firm announced a
share repurchase for $87,000 of its stock.
What is the earnings per share after the repurchase?
a. $3.39
b. $3.52
c. $3.18
d. $3.27
e. $3.45](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F83694c37-c188-4a5c-bcf4-96a5f1b18949%2F182da760-69a1-4d61-9cc5-bb7d1fbaa205%2Fetfir2ig_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Green Thumb Nursery has 38,000 shares outstanding at a market price of
$63.27 per share. The earnings per share are $3.27. The firm has total assets
of $332,000 and total liabilities of $192,000. Today, the firm announced a
share repurchase for $87,000 of its stock.
What is the earnings per share after the repurchase?
a. $3.39
b. $3.52
c. $3.18
d. $3.27
e. $3.45
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