Problema firm has 75 million of assets that includes 12, Ask an Expert

Accounting

Problem:

A firm has $75 million of assets that includes $12 million of cash and 25 million shares outstanding.

Required:

Question: If the firm uses $12 million of cash to repurchase shares, what is the new price per share?

Note: Please show the work not just the answer.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91172982

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