Week 06 Problems Principles of Finance

| September 29, 2018

Listed below is the current data for ABC Company:ABC CompanyBalance SheetDecember 31, 20xxAssetsLiabilities and EquityCash$10,000,000Accounts Payable$20,000,000Accounts Receivable250,000,000Long-term debt400,000,000Inventory120,000,000Common Stock ($10 par, 1,000,000 outstanding)10,000,000Plant and Equipment325,000,000Paid-in capital90,000,000Retained Earnings185,000,000Total$705,000,000Total$705,000,000The current price of a stock is $58 per share.Required:Construct a balance sheet after a two for one stock split. What will be the new price of the stock? (Problem 1 tab)Construct a balance sheet after a 5% stock dividend. What is the new price of the stock? (Problem 2 tab)Construct a balance sheet after a one for two reverse stock split. What is the new price of the stock? (Problem 3 tab)Construct a balance sheet after a $3 per share cash dividend. What is the total cash dividend? (Problem 4 tab

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