Problem 18-17 Stock split and its effects [LO18-4) Wilson Pharmaceuticals' stock has done very well in the market during the last three years. It has risen from $65 to $90 per share. The firm's current statement of stockholders' equity is as follows: Conmon stock (2 million shares issued at par value of $10 per share) Paid-in capital in excess of par Retained earnings Net worth $20,000,000 12,000,000 48,000,000 $80,000,000 a-1. How many shares would be outstanding after a two-for-one stock split? (Do not round intermediate calculations. Input your answer in millions (e.g., $1.23 million should be entered as "1.23").) Number of shares million 1-2. What would be its par value? (Do not round intermediate calculations and round your answer to 2 decimal places.) Par value b-1. How many shares would be outstanding after a three-for-one stock split? (Do not round intermediate calculations. Input your answer in millions (0.9. $1.23 million should be entered as "1.23").) Number of shares million b-2 What would be its par value? (Do not round intermediate calculations and round your answer to 2 decimal places.) Par value c. Assume that Wilson earned $10 million. What would its earnings per share be before and after the two-for-one stock split? After the three-for-one stock split? (Do not round intermediate calculations and round your answers to 2 decimal places.) EPS before EPS after 2-for-1 split EPS after 3-for-1 split d. What would be the price per share after the two-for-one stock split? After the three-for-one stock split? (Assume that the price earnings ratio of 18.00 stays the same.) (Do not round intermediate calculations and round your answers to 2 decimal places.) Price after 2.for split Price after 3-for-1 split