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Jerry Springs Company has 20,000 shares of stock outstanding at a market price of $10 a...

Jerry Springs Company has 20,000 shares of stock outstanding at a market price of $10 a share. The current earnings per share are $0.55. The firm has total assets of $200,000 and total liabilities of $86,500. Next week, the firm will be repurchasing $25,000 worth of stock. Ignore taxes. What will be the earnings per share after the stock repurchase? A. $0.715 B. $0.664 C. $0.452 D. $0.629 E. $0.563

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Number of shares outstanding = 20,000 Shares Current market price of share = $10 Earnings per share = $0.55 Total earnings =

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