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61.
Blasco's has a market value equal to its book value. Currently, the firm has
excess cash of $1,332, other assets of $11,674, and equity of $7,200. The
firm has 1,200 shares of stock outstanding and net income of $838. Blasco's
has decided to spend one-third of its excess cash on a share repurchase
program. How many shares of stock will be outstanding after the stock
repurchase is completed?
62.
Tucker's National Distributing has a current market value of equity of
$10,665. Currently, the firm has excess cash of $640, total assets of
$22,400, net income of $3,210, and 500 shares of stock outstanding.
Tucker's is going to use all of its excess cash to repurchase shares of stock.
What will the stock price per share be after the stock repurchase is
completed?
63.
The equity of Blooming Roses has a total market value of $16,000.
Currently, the firm has excess cash of $1,400 and net income of $15,400.
There are 750 shares of stock outstanding. What will be the percentage
change in the stock price per share if the firm pays out all of its excess cash
as a cash dividend?
64.
Delaware Trust has 450 shares of common stock outstanding at a market
price per share of $27. Currently, the firm has excess cash of $400, total
assets of $28,900, and net income of $1,320. The firm has decided to pay
out all of its excess cash as a cash dividend. What will the earnings per
share be after this dividend is paid?
65.
Josh's, Inc. has 7,000 shares of stock outstanding with a par value of $1.00
per share and a market value of $32 a share. The balance sheet shows
$82,000 in the capital in excess of par account, $7,000 in the common stock
account, and $64,800 in the retained earnings account. The firm just
announced a 10 percent stock dividend. What is the value of the capital in
excess of par account after the dividend?
66.
Randall's, Inc. has 20,000 shares of stock outstanding with a par value of
$1.00 per share. The market value is $12 per share. The balance sheet
shows $42,000 in the capital in excess of par account, $20,000 in the
common stock account, and $50,500 in the retained earnings account. The
firm just announced a 5 percent (small) stock dividend. What will the
balance in the retained earnings account be after the dividend?
67.
Southern Fried Chicken has 8,000 shares of stock outstanding with a par
value of $1 per share and a market value of $34 per share. The balance
sheet shows $45,000 in the capital in excess of par account, $8,000 in the
common stock account, and $152,000 in the retained earnings account. The
firm just announced a 5 percent stock dividend. What will total owners'
equity be after the dividend?
68.
Val's Marina Supply has 3,500 shares of stock outstanding with a par value
of $1.00 per share and a market value of $19 per share. The balance sheet
shows $3,500 in the common stock account, $24,000 in the capital in excess
of par account, and $31,400 in the retained earnings account. The firm just
announced a 100 percent stock dividend. What is the value of the capital in
excess of par account after the dividend?
69.
Kurt's Market has 8,000 shares of stock outstanding with a par value of $1
per share and a market value of $13 per share. The balance sheet shows
$8,000 in the common stock account, $26,000 in the capital in excess of par
account, and $36,800 in the retained earnings account. The firm just
announced a 100 percent stock dividend. What will be the balance in the
retained earnings account after this dividend?
70.
The Tanning Bed has 10,000 shares of stock outstanding with a par value of
$1 per share and a market value of $8 per share. The balance sheet shows
$10,000 in the common stock account, $60,000 in the capital in excess of
par account, and $94,300 in the retained earnings account. The firm just
announced a 100 percent stock dividend. What will be the value of the
common stock account after the dividend?
71.
Verbal Communications, Inc., has 14,000 shares of stock outstanding with a
par value of $1 per share and a market value of $32 per share. The firm just
announced a 100 percent stock dividend. What is the market value per
share after the dividend?
72.
Della's Pool Halls has 12,000 shares of stock outstanding with a par value
of $1 per share and a market price of $39 a share. The firm just announced
a 4-for-3 stock split. How many shares of stock will be outstanding after the
split?
73.
Alfonzo's Italian House has 25,000 shares of stock outstanding with a par
value of $1 per share and a market price of $28 a share. The firm just
announced a 5-for-3 stock split. What will the market price per share be
after the split?
74.
South Shore Limited has 21,000 shares of stock outstanding with a par
value of $1 per share and a market price of $7.50 a share. The firm just
announced a 5-for-2 stock split. What will the par value of the stock be
after the split?
75.
Mario's has 18,000 shares of stock outstanding with a par value of $1 per
share and a market price of $4 a share. The balance sheet shows $18,000 in
the common stock account, $368,000 in the paid in surplus account, and
$64,000 in the retained earnings account. The firm just announced a 5-for-1
stock split. What will the paid in surplus account value be after the split?
76.
Prezario's has 25,000 shares of stock outstanding with a par value of $1 per
share. The current market value of the firm is $847,000. Currently, the
retained earnings account balance is $428,000 and the capital in excess of
par value account balance is $187,000. The company just announced a 3-
for-1 stock split. What is the common stock account balance after the stock
split?
77.
The Peanut Shack has 6,5000 shares of stock outstanding with a par value
of $1 per share. The current market value of the firm is $145,600. The
company just announced a 3-for-2 stock split. What will the market price
per share be after the split?
78.
Western Mountain Water has 11,000 shares of stock outstanding with a par
value of $1 per share. The current market value of the firm is $135,000. The
balance sheet shows a capital in excess of par value account balance of
$68,000 and retained earnings of $49,000. The company just announced a
2-for-1 stock split. What will the capital in excess of par value account
balance be after the split?
79.
The Peace River Corporation has 62,000 shares of stock outstanding at a
market price of $48 a share. The company has just announced a 3-for-2
stock split. How many shares of stock will be outstanding after the split?
80.
Cooper Brands, Inc., has 68,000 shares of stock outstanding at a market
price of $63 a share. The par value is $1 per share. The company has just
announced a 5-for-4 stock split. What will the market price per share be
after the split?
