For all your questions, big or small, IDNLearn.com has the answers you need. Get comprehensive and trustworthy answers to all your questions from our knowledgeable community members.

Financial Alchemists (FA) has a market value equal to its book value. Currently, FA has
cash on hand of $2400 and other assets of $8,500. Equity is worth $6,000. FA has 200
shares of stock outstanding and net income of $1200. How much greater will earnings
per share be if FA uses its cash to repurchase some of its own stock?