FIN3400

1.) Geo, Inc. currently has $21,850 in excess cash on their Balance Sheet.The CEO has asked you, the CFO to fill out the boxes below. He wants you to examine the effects to the Balance Sheet and price of the stock under each scenario tomorrow, after the ex-dividend date. (areas in yellow.)

A.) Fill in the price today for the Current Box(this is all you need to do in the current box).

B.) Complete the Dividend box.

C.) Complete the Repurchase box.

Current Cash $120,000 Liabilities $100,000 Fixed Assets $476,600 Equity $496,600 Total Asset $596,600 Total L/E $596,600 Dividend $1.15 Declared Ex-Dividend Tomorrow Date Shares 19,000 Outstanding Excess Cash $21,850 Price Today