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Wilson Pharmaceuticals' stock has done very well in the market during the last three years. It has risen from $35 to $60 per share. The
Wilson Pharmaceuticals' stock has done very well in the market during the last three years. It has risen from $35 to $60 per share. The firm's current statement of stockholders' equity is as follows: Common stock (3 million shares issued at par value of $10 per share Paid-in capital in excess of par Retained earnings 30,000,000 14,000,000 46,000,000 Net worth $ 90,000,000 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 milion b-2 What would be its par value? (Do not round intermediate calculations and round your answer to 2 decimal places.) Par value
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