Kevin’s bacon company inc. has earnings of $5 million with 2,500,000 shares outstanding before a public distribution. four hundred thousand shares will be included in the sale, of which 200,000 are new corporate shares, and 200,000 are shares currently owned by ann fry, the founder and ceo. the 200,000 shares that ann is selling are referred to as a secondary offering and all proceeds will go to her. the net price from the offering will be $19.50 and the corporate proceeds are expected to produce $1.1 million in corporate earnings. a. what were the corporation’s earnings per share before the offering? (do not round intermediate calculations and round your answer to 2 decimal places.)

Cooper sues company a in state court in south carolina, where he lives, for negligence alleging personal injury and property damage of $100,000 after a truck driven by an employee of company a rear-ended his pickup truck. company a is incorporated in delaware, has its headquarters in new york, but does a substantial amount of business in south carolina. claiming diversity of citizenship, company a seeks removal to federal district court, but cooper opposes the motion. which of the following is true regarding whether the case may be properly removed to federal district court? the amount in controversy satisfies diversity requirements; and if company a's nerve center is in a state other than south carolina, then the case may be properly removed to federal court. the amount in controversy satisfies diversity requirements; and because company a is incorporated and has its headquarters in a state other than south carolina, the case may be properly removed to federal court. because the amount in controversy satisfies diversity requirements and company a is incorporated in a state other than south carolina, the case may be properly removed to federal court regardless of where company a's headquarters, nerve center, or principal place of business is located. because the amount in controversy satisfies diversity requirements and company a is headquartered in a state other than south carolina, the case may be properly removed to federal court regardless of where company a is incorporated and regardless of the location of its nerve center. because the amount in controversy fails to satisfy jurisdictional requirements, regardless of the location of company a, the case may not be removed to federal court.