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A firm has the following balance sheet: Assets Liabilities and Equity Cash $ 15,000 Accounts payable $ 15,000 Accounts receivable 160,000 Long-term debt 114,000 Inventory

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A firm has the following balance sheet: Assets Liabilities and Equity Cash $ 15,000 Accounts payable $ 15,000 Accounts receivable 160,000 Long-term debt 114,000 Inventory 85,000 Common stock ($10 par; 30,000 3,000 shares outstanding) Plant and equipment 190,000 Additional paid-in capital 141,000 Retained earnings 150,000 $450,000 $450,000 a. Construct a new balance sheet showing the impact of a four-for-one split. If the current market price of the stock is $53, what is the price the split? Round the par value and the market price after the split to the nearest cent, the number of shares outstanding to the nearest w number, and the other answers to the nearest dollar. Assets Liabilities and Equity Cash $ Accounts payable $ Accounts receivable $ Long-term debt $ Inventory $ Common stock ($ par; shares outstanding) Plant and equipment $ Additional paid-in capital $ Retained earnings $ $ $ Price of the common stock after the split: 5 b. Construct a new balance sheet showing the impact of a 15 percent stock dividend. After the stock dividend, what is the new price of the common stock? Use the original balance sheet from the problem statement. Round the par value and the market price after the stock divid to the nearest cent, the number of shares outstanding to the nearest whole number, and the other answers to the nearest dollar Assets Liabilities and Equity Cash Accounts payable Accounts receivable Long-term debt Inventory Common stocks Dar x 0: End-of-Chapter Problems - The Features of Stock number, and the other answers to the nearest dollar. Assets Liabilities and Equity Cash Accounts payable Accounts receivable $ Long-term debt Inventory Common stock (s par; shares outstanding) Plant and equipment $ Additional paid-in capital Retained earnings $ $ $ $ $ $ $ $ Price of the common stock after the split: $ b. Construct a new balance sheet showing the impact of a 15 percent stock dividend. After the stock dividend, what is the new price or the common stock? Use the original balance sheet from the problem statement. Round the par value and the market price after the stock divide to the nearest cent, the number of shares outstanding to the nearest whole number, and the other answers to the nearest dollar. Assets Liabilities and Equity Accounts payable Accounts receivable Common stock ($ Cash $ 5 Long-term debt $ $ $ Inventory par Shares outstanding) Additional paid in capital Retained earnings Plant and equipment $ $ 5 5 Price of the common stock after the stock dividend

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