Green Thumb Nursery has 11,000 shares of stock outstanding at a market price of $18 per share.

The current earnings per share are $1.47.

The firm has total assets of $286,000 and total liabilities of $86,000.

Next week, the firm will be repurchasing $36,000 worth of stock.

Ignoring taxes, what will be the earnings per share after the stock repurchase?

a) $1.797

b) $1.832

c) $1.848

d) $1.620

e) $1.883

Answer rating: 100% (QA)

initial shares 11000 share repurchase 36000182000 ... View the full answer