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In April 2015, Richelieu Hardware Ltd. completed a 3-for-1 stock split. Immediately before the split, the company had 19.5 million issued common shares trading at

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In April 2015, Richelieu Hardware Ltd. completed a 3-for-1 stock split. Immediately before the split, the company had 19.5 million issued common shares trading at $67.30 per share. How many shares did it have after the stock split? Number of Shares what was the most likely price of the shares after the stock split? (Round stock price to 2 decimal places, e.g. 2.12.) Share price $ How would Richelieu record or report this stock split? (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account 11tles and Explanation Debit Credit Apr. 2015 Pg4of8

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