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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