Problem 4 (**Please type out answers and calculations**Calibri (Body) font with no colours if using print-...
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Problem 4 (**Please type out answers and calculations**Calibri (Body) font with no colours if using print- screen for graphs**Thank you!) The Tooth Fairy Company's stock currently sells on the Toronto Stock Exchange at $90 per share. Below is their partial balance sheet: Common Stock (1,500,000 shares outstanding) Retained Earnings Total 30,000,000 15,000,000 45,000,000 a) The company is considering a 3 for 2 stock split. What will be the company's stock price following the stock split? How many shares will be outstanding? Show any changes to the Balance sheet. (Show your work!) b) If instead, the company does a 7.5% stock dividend. What will be the company's stock price following the stock dividend? How many shares will be outstanding? Show any changes to the Balance sheet. (Show your work!) Problem 4 (**Please type out answers and calculations**Calibri (Body) font with no colours if using print- screen for graphs**Thank you!) The Tooth Fairy Company's stock currently sells on the Toronto Stock Exchange at $90 per share. Below is their partial balance sheet: Common Stock (1,500,000 shares outstanding) Retained Earnings Total 30,000,000 15,000,000 45,000,000 a) The company is considering a 3 for 2 stock split. What will be the company's stock price following the stock split? How many shares will be outstanding? Show any changes to the Balance sheet. (Show your work!) b) If instead, the company does a 7.5% stock dividend. What will be the company's stock price following the stock dividend? How many shares will be outstanding? Show any changes to the Balance sheet. (Show your work!)
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