After repurchasing 5 % of its shares outstanding last year, a company has 1 1 4 million

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Question:

After repurchasing

5 %

of its shares outstanding last year, a company has

114

million shares outstanding this year

(

down from

120

million last year

) .

Net income this year is $

285

million compared to $

240

million last year. How much did earnings per share increase this year compared to last year?

Related Book For answer-question

Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

ISBN: 978-1337614689

9th edition

Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

See More Books

Posted Date: Mar 19, 2024 11:40 PM

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After repurchasing 5 % of its shares outstanding last year, a company has 1 1 4 million

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Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

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