Question: The balance sheet for Sinking Ship Corp. is shown here in market value terms. There are 6,000 shares of stock outstanding. $ Market Value Balance

The balance sheet for Sinking Ship Corp. is shown here in market value terms. There are 6,000 shares of stock outstanding. $ Market Value Balance Sheet 45,500 Equity 490,000 $ Cash Fixed assets 535,500 Total $ 535,500 Total $ 535,500 If the firm does a two for one stock split, how will the number of shares outstanding, Market value of equity, cash and fixed assets change? What will be the new price per shares
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