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Save twit Submit Vegas Products sells marked playing cards to blackjack dealers. It has not paid a dividend in many years but is currently contemplating
Save twit Submit Vegas Products sells marked playing cards to blackjack dealers. It has not paid a dividend in many years but is currently contemplating some kind of dividend. The capital accounts for the firm are: Connon stock 2,000,000 shares) Metained earnings Het worth 320,000,000 23,000,000 543,000,000 The company's stock is telling for $40 per share, and it earned $8,000,000 during the year with 2,000,000 shares outstanding, Indicating a P/E ratio of 10 Restate the capital accounts at your and after the 10% stock dividend Common stock hetained earnings 6. Restate the EPS and share price. Assume the P/E rabo remains constant) (Do not round Intermediate eniculations. Round the final nnswers to 2 decimal places Share Common stock Retained earnings Net worth b. Restate the EPS and share price. (Assume the P/E ratio remains constant.) (Do not round Intermediate calculations. Round the final answers to 2 decimal places.) EPS Share price c. How many shares would an investor end up with If they originally had 150 shares? Number of shares shares d. If an investor originally had 150 shares, what is the investor's total investment worth before and after the stock dividend if the PE ratio remains constant? (Do not round intermediate calculations.) Yotal Investit Before stock dividend After stock dividend e. This part of the question is not part of your connect assignment
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