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?
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?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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HOW DO I DO EX 12-10
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?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F42bd844b-485a-4848-a7e0-63e6cdeb9f23%2F45f6500c-85d6-424d-8bf2-198f79694ba3%2Fa0n9ayn.jpeg&w=3840&q=75)
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?
![](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F42bd844b-485a-4848-a7e0-63e6cdeb9f23%2F45f6500c-85d6-424d-8bf2-198f79694ba3%2F6ya7i9.png&w=3840&q=75)
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