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IMCase_28

# 106 x7 742 by dividing 30 million

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Unformatted text preview: ........................ \$1.06 x7 \$7.42 By dividing \$30 million by \$7.42, we see that 4,043,127 shares can be repurchased. 95 3. The earnings are \$106,000,000 The shares outstanding are 100,000,000 – 4,043,127 = 95,956,873 Recomputed earnings per share are : Earnings \$106,000,000 = = \$1.10 Shares 95,956,873 4. Earnings per share ............................................................................................................... Price-earnings ratio.............................................................................................................. Stock price ......................................................
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