Pampered Pets has a market value equal to its book value. Currently, the firm has...
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Pampered Pets has a market value equal to its book value. Currently, the firm has excess cash of $4,560 and other assets of $148,000. Equity is worth $91,200. The firm has 1,200 shares of stock outstanding and net income of $1,600. Pampered Pets has decided to spend all of its excess cash on a share repurchase program. How many shares of stock will be outstanding after the stock repurchase is completed? 1,120 shares 1,151 shares 1,133 shares 1,124 shares 1,140 shares
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