4. Stock splitFirm Growth Industries’ current stockholders’ equity account is as follows: Preferred stock Common stock (600,000 shares at $3 par) Paid-in capital in excess of par Retained earnings Total stockholders’ equity $ 400,000 1,800,000 200,000 800,000 $3,200,000 a. Indicate the change in par value and the number of shares outstanding if the firm declares a 2-for-1 stock split. b. Indicate the change, in par value and the number of shares outstanding if the firm declares a 1-for-1% reverse stock split. c. Indicate the change in par value and the number of shares outstanding if the firm declares a 3-for-1 stock split. d. Indicate the change in par value and the number of shares outstanding if the firm declares a 6-for-1 stock split. e. Indicate the change in par value and the number of shares outstanding if the firm declares a 1-for-4 reverse stock split.
a. The number of shares outstanding after a 2-for-1 stock split is shares. (Round to the nearest whole number.) The new par value of a share of the firm after a 2-for-1 stock split is S . (Round to the nearest cent.) b. The number of shares outstanding after a 1-for-1% reverse stock split is shares. (Round to the nearest whole number.) The new par value of a share after a 1-for-1 reverse stock split is $ . (Round to the nearest cent.) c. The number of shares outstanding after a 3-for-1 stock split is shares. (Round to the nearest whole number.) The new par value of a share after a 3-for-1 stock split is $ (Round to the nearest cent.) d. The number of shares outstanding after a 6-for-1 stock split is shares. (Round to the nearest whole number.) The new par value of a share after a 6-for-1 stock split is $ (Round to the nearest cent.) e. The number of shares outstanding after a 1-for-4 reverse stock split is shares. (Round to the nearest whole number.) The new par value of a share after a 1-for-4 reverse stock split is $ (Round to the nearest cent.)
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