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Just need answers for part c!! The balance sheet for Tempest, Inc., is shown here in market value terms. There are 25,000 shares of stock
Just need answers for part c!!
The balance sheet for Tempest, Inc., is shown here in market value terms. There are 25,000 shares of stock outstanding. Cash Fixed assets Market Value Balance Sheet $ 168,000 570,000 Equity $738,000 Total $738,000 Total $738,000 The company has declared a dividend of $1.00 per share. The stock goes ex dividend tomorrow. Ignore any tax effects. a. What is the stock selling for today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What will it sell for tomorrow? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Stock price today b. Stock price tomorrow $ | $ 29.80 28.80 c. What will the balance sheet look like after the dividends are paid? (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.) 152,500 Cash Fixed assets Equity Total TotalStep by Step Solution
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