West Wind, Inc. has 5,000,000 shares of common stock outstanding with a market value of $60 per

Question:

West Wind, Inc. has 5,000,000 shares of outstanding with a market value of $60 per share. Net income for the coming year is expected to be $6,900,000. What impact will a three-for-one stock split have on the earnings per share and on the price of the stock?
Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...