Question: M Manufacturing declared a 4 for 1 stock split for its common shares. Before the spolit the share price has risen to $600 per share.

M Manufacturing declared a 4 for 1 stock split for its

M Manufacturing declared a 4 for 1 stock split for its common shares. Before the spolit the share price has risen to $600 per share. Prior to the split the firm ahd 10 million shares of stock outstanding and net income of $40 million. a. Before the split what is M's earning per share? b. Following the stock split, how many shares of common stock will M have outstanding? c. What is the earnings per share after the split? d. If you own 100 shares of stock before the split, how much are the total earning for your shares? How much are the total earning on your ost-split shares? e. Were you bettor off financially after the 4 - for - 1 split

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