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Rzqust [24]
3 years ago
6

Quaker State Wings has 320,000 shares outstanding and net income of $980,000. The company stock is currently selling for $62.97

per share. If the company repurchases $634,000 of its stock, what is the earnings per share after the repurchase
Business
1 answer:
ELEN [110]3 years ago
5 0

Answer:

The new EPS is $ 3.16  

Explanation:

In order to compute the earnings per share after the share repurchase the shares repurchased must deducted from the weighted average number of share of 320,000 before repurchase so as  to arrive at the number of shares eligible for the earnings after such repurchase.

The number of shares repurchased=$634,000/$62.97

                                                           = 10,068.29  

The average weighted number of shares after repurchase is  309,931.71  (320,000-10,068.29)

EPS after repurchase=$980,000/309,931.71

                                   =$3.16 per share

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<h2><u>Answer:</u></h2>

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4 0
1 year ago
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Answer:

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Explanation:

THIS IS THE COMPLETE QUESTION

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a. purchasing

b. postponement

c. break-bulk activities

d. consolidation point

e. cross-docking

warehouse can be regarded as a commercial building used in storing of goods. Warehouses are been utilized by manufacturers as well as importers and exporters and also wholesalers. There are different types of warehouse such as private, public warehouse. It helps in storage of both raw material as well as finished goods.

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2 years ago
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5 0
3 years ago
Read 2 more answers
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