O The market value balance sheet for Murray Manufacturing is shown here. The company has declared a 20 percent stock dividend. The stock goes ex dividend tomorrow (the chronology for a stock dividend is similar to that for a cash dividend). Cash Fixed assets Total Market Value Balance Sheet $93,000 Debt 770,000 Equity $ 863,000 Total a. Current share price b. Ex-dividend price $152,000 711,000 $ 863,000 a. There are 28,000 shares of stock outstanding, What is the current share price? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What will the ex-dividend price be? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
O The market value balance sheet for Murray Manufacturing is shown here. The company has declared a 20 percent stock dividend. The stock goes ex dividend tomorrow (the chronology for a stock dividend is similar to that for a cash dividend). Cash Fixed assets Total Market Value Balance Sheet $93,000 Debt 770,000 Equity $ 863,000 Total a. Current share price b. Ex-dividend price $152,000 711,000 $ 863,000 a. There are 28,000 shares of stock outstanding, What is the current share price? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What will the ex-dividend price be? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 55E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...
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Transcribed Image Text:The market value balance sheet for Murray Manufacturing is shown here. The company
has declared a 20 percent stock dividend. The stock goes ex dividend tomorrow (the
chronology for a stock dividend is similar to that for a cash dividend)
Cash
Fixed assets
Total
Market Value Balance Sheet
$93,000
770,000
$863,000
a. Current share price
b. Ex-dividend price
Debt
$152,000
711,000
Equity
Total $ 863,000
a. There are 28,000 shares of stock outstanding. What is the current share price? (Do
not round Intermediate calculations and round your answer to 2 decimal places,
e.g., 32.16.)
b. What will the ex-dividend price be? (Do not round intermediate calculations and
round your answer to 2 decimal places, e.g., 32.16.)
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