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Gino's Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Midwest. Gino's Restaurant Corporation, which had 33,000 shares of common stock outstanding, declared a 4-for-1 stocksplit.
a. What will be the number of shares outstanding after the split? shares
b. If the common stock had a market price of $108 per share before the stock split, what would be an approximate market price per share after the split?
Management is disappointed with the company's performance and is wondering what can be done to improve profits. By examining sales and cost records, you have determined the following:
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