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JUST NEED HELP WITH THE LAST PART Problem 17-5 Regular Dividends (LO1] The balance sheet for Sinking Ship Corp. is shown here in market value
JUST NEED HELP WITH THE LAST PART
Problem 17-5 Regular Dividends (LO1] The balance sheet for Sinking Ship Corp. is shown here in market value terms. There are 8,000 shares of stock outstanding. Cash Market Value Balance Sheet $44,000 Equity $384,000 340,000 Fixed assets Total $384,000 Total $384,000 The company has declared a dividend of $1.70 per share. The stock goes ex dividend tomorrow. Ignoring any tax effects, what is the stock selling for today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Answer is complete and correct. Stock price $ 48.00 per share Ignoring any tax effects, what will the balance sheet look like after the dividends are paid? (Do not round intermediate calculations.) Answer is complete but not entirely correct. $ $ 356,300 X Cash Fixed assets Total Balance Sheet 36,300 X Equity 320,000 356,300 $ Total $ $ 356,300Step by Step Solution
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