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Vegas Products sells marked playing cards to blackjack dealers. It has not paid a dividend in many years but is currently contemplating some kind
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: Common stock (2,800,000 shares) Retained earnings Net worth $28,000,000 26,000,000 $54,000,000 The company's stock is selling for $20 per share, and it earned $5,600,000 during the year with 2,800,000 shares outstanding, indicating a P/E ratio of 10. a. Restate the capital accounts at year end after the 10% stock dividend. Common stock Retained earnings Net worth $
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