EX 12-11 Effect of stock split Willey's Grill & Restaurant Corporation wholesales ovens and ranges to restaurants throughou the Southwest. Willey's Grill & Restaurant, which had 325,000 shares of common stock our standing, declared a 3-for-1 stock split. A. What will be the number of shares outstanding after the split? Obj. 4 B. If the common stock had a market price of $450 per share before the stock split, what would be an approximate market price per share after the split?

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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HOW DO I DO EX 12-11

EX 12-11 Effect of stock split
Willey's Grill & Restaurant Corporation wholesales ovens and ranges to restaurants throughou
the Southwest. Willey's Grill & Restaurant, which had 325,000 shares of common stock our
standing, declared a 3-for-1 stock split.
A. What will be the number of shares outstanding after the split?
Obj. 4
B. If the common stock had a market price of $450 per share before the stock split, what
would be an approximate market price per share after the split?
Transcribed Image Text:EX 12-11 Effect of stock split Willey's Grill & Restaurant Corporation wholesales ovens and ranges to restaurants throughou the Southwest. Willey's Grill & Restaurant, which had 325,000 shares of common stock our standing, declared a 3-for-1 stock split. A. What will be the number of shares outstanding after the split? Obj. 4 B. If the common stock had a market price of $450 per share before the stock split, what would be an approximate market price per share after the split?
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