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Olympic Corporation has 75,000 shares of $1 par value stock outstanding. The largest single stockholder is Lou Cheng, who owns 6,000 shares. On December
Olympic Corporation has 75,000 shares of $1 par value stock outstanding. The largest single stockholder is Lou Cheng, who owns 6,000 shares. On December 31, the total assets of the company amount to $4,360,000 and total liabilities to $2,230,000. On that date, the board of directors declared a 10% stock dividend. Required: Compute the following. Note: Round your answers to the nearest to two decimal place. (A) Book value per share before the stock dividend (B) Book value per share after the stock dividend
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