FINANCE HW

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below is the homework and attached is an exampled plus the spreadsheet the hw answers go into

 

Complete the following problems. For assistance, you may want to refer to these examples: Week 06 Example Problems.doc

Download the Week 06 Excel Problems spreadsheetto use in completing your problems. There are four separate worksheets within the workbook, one for each problem. Select the proper tab to complete each assignment. You will need to complete all yellow shaded cells.

Listed below is the current data for ABC Company:

ABC Company
Balance Sheet
December 31, 20xx

Assets Liabilities and Equity
Cash $10,000,000 Accounts Payable $20,000,000
Accounts Receivable 250,000,000 Long-term debt 400,000,000
Inventory 120,000,000 Common Stock ($10 par, 1,000,000 outstanding) 10,000,000
Plant and Equipment 325,000,000 Paid-in capital 90,000,000
    Retained Earnings 185,000,000
Total $705,000,000 Total $705,000,000

The current price of a stock is $58 per share.

Required:

  1. Construct a balance sheet after a two for one stock split. What will be the new price of the stock? (Problem 1 tab)
  2. Construct a balance sheet after a 5% stock dividend. What is the new price of the stock? (Problem 2 tab)
  3. Construct a balance sheet after a one for two reverse stock split. What is the new price of the stock? (Problem 3 tab)
  4. Construct a balance sheet after a $3 per share cash dividend. What is the total cash dividend? (Problem 4 tab)
 
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