What will the new earnings per share, Financial Accounting

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What will the new earnings per share

Problem

Linens by Luisa has a market value equal to its book value. Currently, the company has excess cash of $1,368, other assets of $35,807, and equity valued at $23,750. There are 2,500 shares of stock outstanding and net income is $470. What will the new earnings per share be if the firm uses 25 percent of its excess cash to complete stock repurchase?

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Financial Accounting: What will the new earnings per share

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