Question
UCONN Group has the following items in its current balance sheet: Common Stock 5,000,000 shares authorized, 1,200,000 issued. $6,000,000 Capital Surplus $3,600,000 Treasury Stock on
UCONN Group has the following items in its current balance sheet:
Common Stock 5,000,000 shares authorized, 1,200,000 issued. $6,000,000
Capital Surplus $3,600,000
Treasury Stock on Common 100,000 shares $1,320,000
Cumulative Preferred Stock 17,000,000 authorized {8%} $2 par $12,000,000
Retained Earnings $30,180,000
1.) Using the What was the average selling price of UCONN Groups common stock shares that are listed on the current balance sheet.?
2.) What was the average selling price of UCONN Groups preferred stock shares that are on the current balance sheet?
3.) If UCONN Group announces a 4 for 1 stock split of the cumulative preferred, then what is the new total amount of the preferred stock?
4.) If UCONN Group were to provide for a 10% common stock dividend, then how many new shares are to be mailed to existing shareholders?
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