Question
The company with the common equity accounts shown here has decided on a two-for-one stock split. The firms 27-cent-per-share cash dividend on the new (postsplit)
The company with the common equity accounts shown here has decided on a two-for-one stock split. The firms 27-cent-per-share cash dividend on the new (postsplit) shares represents an increase of 20 percent over last years dividend on the presplit stock.
Common stock ($1 par value) | $ | 570,000 | |
Capital surplus | 1,565,000 | ||
Retained earnings | 3,898,000 | ||
Total owners equity | $ | 6,033,000 | |
What is the new par value of the stock? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) New par value $ per share What was last years dividend per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Dividends per share last year $
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