ABC Company
Balance Sheet
December 31, 20xx
|
Assets
|
Liabilities and Equity
|
|
Cash
|
$10,000,000
|
Accounts Payable
|
$20,000,000
|
|
Accounts Receivable
|
250,000,000
|
Long-term debt
|
400,000,000
|
|
Inventory
|
120,000,000
|
Common Stock ($10 par, 1,000,000 outstanding)
|
10,000,000
|
|
Plant and Equipment
|
325,000,000
|
Paid-in capital
|
90,000,000
|
|
|
Retained Earnings
|
185,000,000
|
|
Total
|
$705,000,000
|
Total
|
$705,000,000
|
The current price of a stock is $58 per share.
Required:
- Construct a balance sheet after a two for one stock split. What will be the new price of the stock?
- Construct a balance sheet after a 5% stock dividend. What is the new price of the stock?
- Construct a balance sheet after a one for two reverse stock split. What is the new price of the stock?
- Construct a balance sheet after a $3 per share cash dividend. What is the total cash dividend?