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Category > Accounting Posted 05 May 2017 My Price 5.00

The company with the common equity accounts

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

Alpha Geek
(8)
Status NEW Posted 05 May 2017 12:05 PM My Price 5.00

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Attachments

file 1493988343-Answer.docx preview (147 words )
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