Question: The balance sheet for Sinking Ship Corp. is shown here in market value terms. There are 5,000 shares of stock outstanding. Market Value Balance Sheet
| The balance sheet for Sinking Ship Corp. is shown here in market value terms. There are 5,000 shares of stock outstanding. |
| Market Value Balance Sheet | ||||||
| Cash | $ | 45,100 | Equity | $ | 495,100 | |
| Fixed assets | 450,000 | |||||
| Total | $ | 495,100 | Total | $ | 495,100 | |
| The company has declared a dividend of $1.40 per share. The stock goes ex dividend tomorrow. |
| Ignoring any tax effects, what is the stock selling for today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
| Ignoring any tax effects, what will it sell for tomorrow? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
| Ignoring any tax effects, what will the balance sheet look like after the dividends are paid? (Do not round intermediate calculations.) |
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