eoman Grill Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Yeoman Grill Restaurant Corporation, which had 27,000 shares of common stock outstanding, declared a 2-for-1 stock split. a.  What will be the number of shares outstanding after the split? ______shares b.  If the common stock had a market price of $120 per share before the stock split, what would be an approximate market price per share after the split? ______per share

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Yeoman Grill Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Yeoman Grill Restaurant Corporation, which had 27,000 shares of common stock outstanding, declared a 2-for-1 stock split.

a.  What will be the number of shares outstanding after the split?
______shares

b.  If the common stock had a market price of $120 per share before the stock split, what would be an approximate market price per share after the split?
______per share

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