Maurice Tutor

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Category > Management Posted 04 May 2018 My Price 6.00

Tidwell Manufacturing

The market value balance sheet for Tidwell Manufacturing is shown here. The company has declared a 25 percent stock dividend. The stock goes ex dividend tomorrow (the chronology for a stock dividend is similar to that for a cash dividend). There are 26,000 shares of stock outstanding.

Market Value Balance Sheet
Cash $ 141,000   Debt $ 303,000  
Fixed assets   1,020,000   Equity   858,000  
Total $ 1,161,000   Total $ 1,161,000  
 


What will the ex dividend price be? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Answers

Maurice Tutor
(5)
Status NEW Posted 04 May 2018 06:05 PM My Price 6.00

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