Effect of stock split Willey's Grill & Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Willey's Grill & Restaurant, which had 42,000 shares of common stock outstanding, declared a 4-for-1 stock split. a. What will be the number of shares outstanding after the split? shares b. If the common stock had a market price of $84 per share before the stock split, what would be an approximate market price per share after the split? per share

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Effect of stock split
Willey's Grill & Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Willey's Grill & Restaurant, which had 42,000 shares of common stock outstanding, declared a 4-for-1 stock split.
a. What will be the number of shares outstanding after the split?
shares
b. If the common stock had a market price of $84 per share before the stock split, what would be an approximate market price per share after the split?
per share
Transcribed Image Text:ory Bookmarks Profiles Tab each x + Window Help enow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress=false eBook World History: Cul... P Sp23 Math 1080-... Show Me How Course Home Effect of stock split Willey's Grill & Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Willey's Grill & Restaurant, which had 42,000 shares of common stock outstanding, declared a 4-for-1 stock split. a. What will be the number of shares outstanding after the split? shares b. If the common stock had a market price of $84 per share before the stock split, what would be an approximate market price per share after the split? per share
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