Effect of stock split Willey's Grill & Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Willey's Grill & Restaurant, which had 315,000 shares of common stock outstanding, declared a 3-for-1 stock split. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. X Open spreadsheet a. What will be the number of shares outstanding after the split? shares K b. If the common stock had a market price of $426 per share before the stock split, what would be an approximate market price per share after the split?
Effect of stock split Willey's Grill & Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Willey's Grill & Restaurant, which had 315,000 shares of common stock outstanding, declared a 3-for-1 stock split. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. X Open spreadsheet a. What will be the number of shares outstanding after the split? shares K b. If the common stock had a market price of $426 per share before the stock split, what would be an approximate market price per share after the split?
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:Effect of stock split
Willey's Grill & Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Willey's Grill &
Restaurant, which had 315,000 shares of common stock outstanding, declared a 3-for-1 stock split. This information has been
collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the
questions below.
X
Open spreadsheet
a. What will be the number of shares outstanding after the split?
shares
b. If the common stock had a market price of $426 per share before the stock split, what would be an approximate market
price per share after the split?
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