Question 1

Current Attempt in Progress Crane Inc. is considering one of three options: (1) paying a $0.59 cash dividend, (2) distributing a 3% stock dividend, or (3) effecting a 4-for-1 stock split. The current fair value is $16 per share. After Stock Spl $ $ $ $ Help Crane decide what to do by completing the following chart (treat each possibility independently): Before Action After Cash Dividend After Stock Dividend $1,892,000 $ Total assets Total $69,000 $ liabilities Common 1,232,000 shares Retained 591,000 earnings Total shareholders' 1,823,000 equity Total liabilities and $1,892,000 shareholders' equity Number of common 56,000 shares $ $ $ e Textbook and Media