Business
Business, 24.12.2019 03:31, travyse

Corn 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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Corn mills has a market value equal to its book value. currently, the firm has excess cash of $1,200...

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