FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Willey’s Grill & Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Willey’s Grill & Restaurant, which had 36,000 shares of common stock outstanding, declared a 2-for-1 stock split.
a. What will be the number of shares outstanding after the split?
fill in the blank 1 shares
b. If the common stock had a market price of $192 per share before the stock split, what would be an approximate market price per share after the split?
$fill in the blank 2 per share
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