Wilson Pharmaceuticals has done very well in the stock market during the last three years. Its stock has risen from $45 per share to $70 per share. Its P/E ratio is 10.00. Its current statement of net worth is:

Common stock (2 million shares issued; 10 million shares authorized)	$ 30,000,000
Retained earnings	45,000,000
Net worth	$75,000,000

a. How many shares would be outstanding after a two-for-one stock split? (Enter the answer in millions.)

Number of shares million

b. How many shares would be outstanding after a three-for-one stock split? (Enter the answer in millions.)

Number of shares million

c. Assume Wilson earned $14 million. What would its EPS be before any stock split, after the two-for-one stock split and after the three-for-one stock splits? (Round the final answers to 2 decimal places.)

EPS before split:	$
EPS after 2:1 split	$
EPS after 3:1 split	$

d. What would the price per share be before and after the two-for-one and the three-for-one stock splits? (Assume the P/E ratio of 10.00 stays the same.) (Do not round intermediate calculations. Round the final answers to 2 decimal places.)

Price after 2-1 split	$
Price after 3-1 split	$