Stock Splits

The owners equity accounts for Hexagon International are shown here:

Common stock ($.60 par value)	$	30,000
Capital surplus		310,000
Retained earnings		688,120
Total owners equity	$	1,028,120

a-1.	Hexagon declares a three-for-one stock split. How many shares are outstanding now? (Do not round intermediate calculations.)

New shares outstanding

a-2.	Hexagon declares a three-for-one stock split. What is the new par value per share? (Do not round intermediate calculations and round your final answer to 3 decimal places. (e.g., 32.16))

New par value

$ per share

b-1.	Hexagon declares a one-for-four reverse stock split. How many shares are outstanding now? (Do not round intermediate calculations.)

New shares outstanding

b-2.	Hexagon declares a one-for-four reverse stock split. What is the new par value per share? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

New par value

$ per share