subject
Business, 14.11.2019 05:31 mai1261

Kevin’s bacon company inc. has earnings of $5 million with 2,500,000 shares outstanding before a public distribution. four hundred thousand shares will be included in the sale, of which 200,000 are new corporate shares, and 200,000 are shares currently owned by ann fry, the founder and ceo. the 200,000 shares that ann is selling are referred to as a secondary offering and all proceeds will go to her. the net price from the offering will be $19.50 and the corporate proceeds are expected to produce $1.1 million in corporate earnings. a. what were the corporation’s earnings per share before the offering? (do not round intermediate calculations and round your answer to 2 decimal places.)

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 18:10
Classifying inflows and outflows of cash classify each of the following items as an inflow (i) or an outflow (o) of cash, or as neither (n). lg 2 lg 2 item change ($) item change ($) cash +100 accounts receivable −700 accounts payable −1,000 net profits +600 notes payable +500 depreciation +100 long-term debt −2,000 repurchase of stock +600 inventory +200 cash dividends +800 fixed assets +400 sale of stock +1,000
Answers: 1
question
Business, 21.06.2019 21:00
Resources and capabilities, such as interpersonal relations among managers and a firm's culture, that may be costly to imitate because they are beyond the ability of firms to systematically manage and influence are referred to asanswers: socially complex.causally ambiguous.path dependent.the result of unique historical conditions.
Answers: 3
question
Business, 22.06.2019 11:00
What is the advantage of developing criteria for assessing the effectiveness of business products and processes? a. assessment criteria are answers. b.assessment criteria are inexpensive. c.assessment criteria provide you with a list of relevant things to measure. d.assessment criteria provide you with a list of people to contact to learn more about process mentoring.
Answers: 3
question
Business, 22.06.2019 19:40
Last year ann arbor corp had $155,000 of assets, $305,000 of sales, $20,000 of net income, and a debt-to-total-assets ratio of 37.5%. the new cfo believes a new computer program will enable it to reduce costs and thus raise net income to $33,000. assets, sales, and the debt ratio would not be affected. by how much would the cost reduction improve the roe? a. 11.51%b. 12.11%c. 12.75%d. 13.42%e. 14.09%
Answers: 3
You know the right answer?
Kevin’s bacon company inc. has earnings of $5 million with 2,500,000 shares outstanding before a pub...
Questions
question
Computers and Technology, 05.10.2019 13:00
question
Mathematics, 05.10.2019 13:00