What will the new earnings per share be, Accounting Basics

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What will the new earnings per share be

Jenningston Mills has a market value equal to its book value. Currently, the firm has excess cash of $1,200, other assets of $5,800, and equity valued at $3,750. The firm has 250 shares of stock outstanding and net income of $420. What will the new earnings per share be if the firm uses 25 percent of its excess cash to complete a stock repurchase?

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Accounting Basics: What will the new earnings per share be

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Accounting Basics: What will the new earnings per share be

Reference No:- TGS091546

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Recent Questions Asked Accounting Basics

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Ask an Expert for Answer!!

Accounting Basics: What will the new earnings per share be

Reference No:- TGS091546

Recent Questions Asked Accounting Basics

Q : What are the four basic hrm functions

Q : Prepare a sales budget for keefe clothing, inc. for 2008

Q : What training and cross-cultural strategy recommend to firm

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Q : What will the new earnings per share be

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