1. Brokeline Bedding is authorized to issue 1,000,000 shares of common stock. However, Brokeline issues only 400,000 shares to the public. One year later, Brokeline purchases 75,000 shares, to increase the demand on its outstanding shares. How many shares does Brokeline have outstanding?

2. Barry owns one share of ABC common stock at a current market price of $120 per share. If ABC splits its stock 3-for-1, what would Barrys position be after the split?

3. Barney owns 1,800 shares of XYZ common stock at a current market price of $2 per share. If XYZ reverse splits its stock 1-for-5, what would Barneys position be after the split?

4. TS Elliott at year-end has earnings per share of $11, and the stock sold for $77 per share. What is TS Elliotts PE ratio?