Question: Dollar & Ruiz has a market value equal to its book value, excess cash of $400, other assets of $7,600, equity of $8,000, 200 shares

Dollar & Ruiz has a market value equal to its book value, excess cash of $400, other assets of $7,600, equity of $8,000, 200 shares of stock outstanding, and net income of $900. The firm has decided to pay out all its excess cash as a cash dividend. What will be the earnings per share after the dividend is paid?

Multiple Choice

$4.74
$4.68
$4.80
$4.59
$4.50

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