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The balance sheet for Tempest, Inc., is shown here in market value terms. There are 26,000 shares of stock outstanding. Cash Fixed assets Market Value
The balance sheet for Tempest, Inc., is shown here in market value terms. There are 26,000 shares of stock outstanding. Cash Fixed assets Market Value Balance Sheet $ 111,000 484.920 Equity $595,920 Total $595,920 Total $595,920 ok int Tint The company has declared a dividend of $1.30 per share. The stock goes ex dividend tomorrow. Ignore any tax effects, a. What is the stock selling for today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What will it sell for tomorrow? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) rences $ 22.92 a. Stock price today b. Stock price tomorrow S 21.62 b. SIUCN Price TUTUW ho 5 c. What will the balance sheet look like after the dividends are paid? (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.) Cash Fixed assets 33,800 562,100 Equity Total 562.100 Total
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