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chapter 13 microsoft excel spreadsheet:dividend policy please answer on microsoft excel parts a,b. please show formulas One way to lower the market price of a
chapter 13 microsoft excel spreadsheet:dividend policy
One way to lower the market price of a firm's stock is via a stock split. Rock-O Corporation finds itself in a different situation: Its stock has been selling at relatively low prices. To increase the market price of the stock, the company chooses to use a reverse stock split of 2 -for-3. The company currently has 700,000 common shares outstanding and no preferred stock. The common stock carries a par value of $1. At this time, the paidin capital in excess of par is $7,000,000, and the firm's retained earnings is $3,500,000 TO DO Create a spreadsheet to determine the following: a. The stockholders' equity section of the balance sheet before the reverse stock split. b. The stockholders' equity section of the balance sheet after the reverse stock split please answer on microsoft excel parts a,b. please show formulas
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