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What is the new par value per share

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Reference no: EM131155066

The owners' equity accounts for Freya International are shown here.

Common stock ($.80 par value) $ 25,000

Capital surplus 370,000

Retained earnings 808,120

Total owners' equity $ 1,203,120

a-1 If Freya declares a four-for-one stock split, how many shares are outstanding now? (Do not round intermediate calculations.)

New shares outstanding:-

a-2 What is the new par value per share? (Do not round intermediate calculations. Round your answer to 3 decimal places, e.g., 32.161.)

New par value $ per share

b-1 If Freya declares a one-for-five reverse stock split, how many shares are outstanding now? (Do not round intermediate calculations.)

New shares outstanding

b-2 What is the new par value per share? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.)

Reference no: EM131155066

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