Question: What effect will a one-for-four stock split have on the following items found on a firm's financial statements? Earnings per share $3.91. Round your answer

What effect will a one-for-four stock split have on the following items found on a firm's financial statements?

Earnings per share $3.91. Round your answer to the nearest cent.

Initial amount new amount Effect (Increase, Decrease or no change?)

$3.91 $ new amount Effect

Total equity $8,000,000. Round your answer to the nearest dollar.

2. Initial amount new amount Effect (Increase, Decrease or no change?)

$8,000,000 new amount Effect

Long-term debt $4,100,000. Round your answer to the nearest dollar.

Initial amount new amount Effect (Increase, Decrease or no change?)

$4,100,000 new amount Effect

Additional paid-in capital $1,656,000. Round your answer to the nearest dollar.

Initial amount new amount Effect (Increase, Decrease or no change?)

$1,656,000 new amount Effect

Number of shares outstanding 1,100,000. Round your answer to the nearest whole number.

Initial amount new amount Effect (Increase, Decrease or no change?)

$1,100,000 new amount Effect

Earnings $4,300,000. Round your answer to the nearest dollar.

Initial amount new amount Effect (Increase, Decrease or no change?)

$4,300,000 new amount Effect

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