Wilson Pharmaceuticals stock has done very well in the market during the last three years. It has risen from $25 to $50 per share. The firms current statement of stockholders equity is as follows:

Common stock (4 million shares issued at par value of $10 per share)	$	40,000,000
Paid-in capital in excess of par		12,000,000
Retained earnings		48,000,000
Net worth	$	100,000,000

a-1.	How many shares would be outstanding after a two-for-one stock split? (Do not round intermediate calculations. Input your answer in millions (e.g., $1.23 million should be entered as "1.23").)

Number of shares

million

a-2.	What would be its par value? (Do not round intermediate calculations and round your answer to 2 decimal places.)

Par value

$

b-1.	How many shares would be outstanding after a three-for-one stock split? (Do not round intermediate calculations. Input your answer in millions (e.g., $1.23 million should be entered as "1.23").)

Number of shares

million

b-2	What would be its par value? (Do not round intermediate calculations and round your answer to 2 decimal places.)

Par value

$

c.	Assume that Wilson earned $18 million. What would its earnings per share be before and after the two-for-one stock split? After the three-for-one stock split? (Do not round intermediate calculations and round your answers to 2 decimal places.)

EPS before	$
EPS after 2-for-1 split	$
EPS after 3-for-1 split	$

d.	What would be the price per share after the two-for-one stock split? After the three-for-one stock split? (Assume that the price-earnings ratio of 11.11 stays the same.) (Do not round intermediate calculations and round your answers to 2 decimal places.)

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