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if anyone could solve this it would be greatly appreciated! EX 12-11 Effect of stock split Obj. 4 Willey's Grill & Restaurant Corporation wholesales ovens
if anyone could solve this it would be greatly appreciated!
EX 12-11 Effect of stock split Obj. 4 Willey's Grill & Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Willey's Grill & Restaurant, which had 345.000 shares of common stock outstanding declared a 3-for-1 stock split What will be the number of shares outstanding after the split b. If the common stock had a market price of $360 per share before the stock split, what would be an approximate market price per share after the split? GIVEN: Shares outstanding - shares Market value per share dollars per share For puposes of this problem tot's pretend the par value in equal to the market value NOTE No journal entry for a stock split. However, the number of shares outstanding increases and the par value of the stock decreases ratably times 3 - Shares Original share outstanding Par value of shares ols sh dollars per share divide by divide by S dollars per share Market value of shares ois Step by Step Solution
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