Central Sprinkler Corporation manufactures and sells

automatic fire sprinkler heads

Central Sprinkler Corporation manufactures and sells automatic fire sprinkler heads

Central Sprinkler Corporation manufactures and sells automatic fire sprinkler heads and
valves, and it distributes components for automatic sprinkler systems. Selected information from
the company's 2017 financial statements show:

In late December 2015, Central Sprinkler bought back 1,237,000 shares of common stock for
$11,750,000.
Required:
1. What would EPS have been in 2016 and 2017 had the company not repurchased its common
shares? Assume the stock buyback occurred on December 31, 2015, and notice that the
company has an October 31 fiscal year-end.
2. Compare the company's profit performance in 2017 to earlier years, and comment on this
comparison.
3. The stock buyback isn't the only reason that average common shares declined from 2015 to
2016. What else do you think could have contributed to this decline in average common
shares?

Central Sprinkler Corporation manufactures and sells automatic fire sprinkler heads
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