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
Related questions
Question
Give me answer
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
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
