Simmons Mineral Operations, Inc., (SMO) currently has 450,000 shares of stock outstanding that sell for $90 per share. Assuming no market imperfections or tax effects exist, what will the share price be after:
a. SMO has a four-for-three stock split? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.)
New share price $
b. SMO has a 10 percent stock dividend? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.)
New share price $
c. SMO has a 47.5 percent stock dividend? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.)
New share price $
d. SMO has a four-for-seven reverse stock split? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.)
New share price $
e. Determine the new number of shares outstanding in parts (a) through (d). (Do not round intermediate calculations and round your answer to the nearest whole dollar amount, e.g., 32.)
a. New shares outstanding b. New shares outstanding c. New shares outstanding d. New shares outstanding
Simmons Mineral Operations, Inc., (SMO) currently has 450,000 shares of stock outstanding that sell for $90 per share. Assuming no market imperfections or tax effects exist, what will the share price be after:
| a. | SMO has a four-for-three stock split? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) |
| New share price | $ |
| b. | SMO has a 10 percent stock dividend? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) |
| New share price | $ |
| c. | SMO has a 47.5 percent stock dividend? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) |
| New share price | $ |
| d. | SMO has a four-for-seven reverse stock split? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) |
| New share price | $ |
| e. | Determine the new number of shares outstanding in parts (a) through (d). (Do not round intermediate calculations and round your answer to the nearest whole dollar amount, e.g., 32.) |
| a. | New shares outstanding | |
| b. | New shares outstanding | |
| c. | New shares outstanding | |
| d. | New shares outstanding | |
Related questions
| The owners' equity accounts for Freya International are shown here. |
| Common stock ($.60 par value) | $ | 30,000 |
| Capital surplus | 310,000 | |
| Retained earnings | 688,120 | |
| Total ownersâ equity | $ | 1,028,120 |
| a-1 | If Freya declares a three-for-one stock split, how many shares are outstanding now? (Do not round intermediate calculations.) |
| New shares outstanding |
| a-2 | What is the new par value per share? (Do not round intermediate calculations. Round your answer to 3 decimal places, e.g., 32.161.) |
| New par value | $ per share |
| b-1 | If Freya declares a one-for-four reverse stock split, how many shares are outstanding now? (Do not round intermediate calculations.) |
| New shares outstanding |
| b-2 | What is the new par value per share? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) |
| New par value | $ per share |
3.
| The owners' equity accounts for Freya International are shown here. |
| Common stock ($.40 par value) | $ | 20,000 |
| Capital surplus | 290,000 | |
| Retained earnings | 648,120 | |
| Total ownersâ equity | $ | 958,120 |
| a-1 | If Freya declares a two-for-one stock split, how many shares are outstanding now? (Do not round intermediate calculations.) |
| New shares outstanding |
| a-2 | What is the new par value per share? (Do not round intermediate calculations. Round your answer to 3 decimal places, e.g., 32.161.) |
| New par value | $ per share |
| b-1 | If Freya declares a one-for-four reverse stock split, how many shares are outstanding now? (Do not round intermediate calculations.) |
| New shares outstanding |
| b-2 | What is the new par value per share? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) |
| New par value | $ per share |
| Makers Corp. had additions to retained earnings for the year just ended of $194,000. The firm paid out $184,000 in cash dividends, and it has ending total equity of $4.89 million. The company currently has 120,000 shares of common stock outstanding. |
| What are earnings per share? (Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.) |
| Earnings | $ per share |
| What are dividends per share? (Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.) |
| Dividends | $ per share |
| What is the book value per share? (Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.) |
| Book value | $ per share |
| If the stock currently sells for $62 per share, what is the market-to-book ratio? (Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.) |
| Market-to-book ratio | times |
| What is the price-earnings ratio? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16.) |
| Price-earnings ratio | times |
| If the company had sales of $3.96 million, what is the price-sales ratio? (Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.) |
| Price-sales ratio | times |
