Maurice Tutor

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Teaching Since: May 2017
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 03 Nov 2017 My Price 8.00

presplit stock.

The company with the common equity accounts shown here has declared a 4-for-one stock split when the market value of its stock is $35 per share. The firmAc€?cs 60-cent per share cash dividend on the new (postsplit) shares represents an increase of 25 percent over last yearAc€?cs dividend on the presplit stock.

  

     
  Common stock ($1 par value) $ 485,000
  Capital surplus   866,000
  Retained earnings   3,920,800
     
     Total owner's equity $ 5,271,800
     
 

What is the new par value per share? (Round your answer to 2 decimal places. (e.g., 32.16))
  New par value $  per share  

What was last year's dividend per share? (Round your answer to 2 decimal places. (e.g., 32.16))

  

  Dividend per share $   

 

Answers

Maurice Tutor
(5)
Status NEW Posted 03 Nov 2017 11:11 PM My Price 8.00

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