Walker Machine Tools has 6 million shares of common stock outstanding. The current market price of Walker common stock is S62 per share rights-on. The company's net income this year is $20.00 million. A rights offering has been announced in which 600,000 new shares will be sold at $56.50 per share. The subscription price plus nine rights is needed to buy one of the new shares. a. What are the earnings per share and price-earnings ratio before the new shares are sold via the rights offering? (Do not round Intermedlate calculatlons and round your answers to 2 decimal places.) Earnings per share Price-earnings ratio

Walker Machine Tools has 6 million shares of common stock outstanding. The current market price of Walker common stock is S62 per share rights-on. The company's net income this year is $20.00 million. A rights offering has been announced in which 600,000 new shares will be sold at $56.50 per share. The subscription price plus nine rights is needed to buy one of the new shares. a. What are the earnings per share and price-earnings ratio before the new shares are sold via the rights offering? (Do not round Intermedlate calculatlons and round your answers to 2 decimal places.) Earnings per share Price-earnings ratio

Name: Walker Machine Tools has 6 million shares of common stock outstanding
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Description: Walker Machine Tools has 6 million shares of common stock outstanding. The current market price ofWalker common stock is S62 per share rights-on. The company's net income this year is $20.00 million. Arights offering has been announced in which 600,

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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