Caremore inc earned net income of 52 million that it plans


CareMore Inc. earned net income of 5.2 million that it plans to use to repurchase shares of the firms common stock, which is currently selling for $46 a share. CareMore has 20 million shares of stock outstanding. A) What fraction of the firms shares can the firm repurchase for 5.2 million? Round 2 decimal places. B) If he share repurchase has no impact on the firms net income, what will be its earnings per share after the repurchase? Round 4 decimal places.

Request for Solution File

Ask an Expert for Answer!!
Financial Management: Caremore inc earned net income of 52 million that it plans
Reference No:- TGS01409683

Expected delivery within 24 Hours