solve 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 assetsof $332,000 and total liabilities of $192,000. Today, the firm announced ashare repurchase for $87,000 of its stock.What is the earnings per share after the repurchase?a. $3.39b. $3.52c. $3.18d. $3.27e. $3.45

Explanation of Earnings Per Share (EPS):Earnings Per Share is a measure of a company's…

Answered: Green Thumb Nursery has 38,000 shares…

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter19: The Basic Tools Of Finance

Section: Chapter Questions

Problem 6PA

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Similar questions

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Many retirement funds charge an administrative fee each year equal to 0.25% on managed assets. Suppose that Alexx and Spenser each invest 5,000 in the same stock this year. Alexx invests directly and earns 5 a year. Spenser uses a retirement fund and earns 4.75. After 30 years, how much more will Alexx have than Spenser?
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The Darkroom Windowshade Company has 100,000 shares of stock outstanding. The investors in the firm awn the following numbers of shares: investor 1 has 20,000 shares; investor 2 has 18,000 shares; investor 3 has 15,000 shares; investor 4 has 10,000 shares; investor 5 has 7,000 shares; and investors 6 through 11 have 5,000 shares each. What is the minimum number of investors it would take to vote to change the companys top management? If investors I and 2 agree to vote together, can they be certain of always getting their way in how the company will he run?
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