Quaker State Wings has 245,000 shares outstanding and net income of $905,000. The company stock is currently selling for $79.92 per share. If the company repurchases $619,000 of its stock, what is the earnings per share after the repurchase?

Quaker State Wings has 245,000 shares outstanding and net income of $905,000. The company stock is currently selling for $79.92 per share. If the company repurchases $619,000 of its stock, what is the earnings per share after the repurchase?

Name: Quaker State Wings has 245,000 shares outstanding and net income of $
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Description: Quaker State Wings has 245,000 shares outstanding and net income of $905,000. The company stock is currently selling for$79.92 per share. If the company repurchases $619,000 of its stock, what is the earnings per share after the repurchase?

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter14: Corporation Accounting

Section: Chapter Questions

Problem 19EA: Jupiter Corporation earned net income of $90,000 this year. The company began the year with 600...

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