Effect of Stock SplitWilley's Grill & Restaurant Corporation wholesales ovensand ranges to restaurants throughout the Southwest.Willey's Grill & Restaurant, which had 325,000 shares ofcommon stock outstanding, declared a 3-for-1 stocksplit.a. What will be the number of shares outstanding afterthe split?sharesb. If the common stock had a market price of $450 pershare before the stock split, what would be anapproximate market price per share after the split?per shareLA

Effect of stock split: When the no. of shares are split, no. of shares increases in the ratio of…

Answered: Willey's Grill & Restaurant Corporation…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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