PROBLEM 13-13
STOCK SPLITS AND LARGE STOCK DIVIDENDS
DATA
Stock split ratio			3
Stock price (Pre-split)			450
Shares outstanding (Pre-split)			10,000,000
Net income			40,000,000
No. of shares owned (Pre-split)			100
No. of shares owned (Post-split)			300
A)
EPS (Pre-split) =			0
B)
Outstanding shares (Post-split) =			0
C)
EPS (Post-split) =			0
D)
Pre-split total earnings 100 shares			0
Post-split total earnings 300 shares			0