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:
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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