Willey’s Grill & Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Willey’s Grill & Restaurant, which had 36,000 shares of common stock outstanding, declared a 2-for-1 stock split. a.  What will be the number of shares outstanding after the split? fill in the blank 1 shares b.  If the common stock had a market price of $192 per share before the stock split, what would be an approximate market price per share after the split? $fill in the blank 2 per share

Cornerstones of Financial Accounting
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ISBN:9781337690881
Author:Jay Rich, Jeff Jones
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Chapter10: Stockholder's Equity
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Problem 57E: Outstanding Stock Lars Corporation shows the following information in the stockholders equity...
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Willey’s Grill & Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Willey’s Grill & Restaurant, which had 36,000 shares of common stock outstanding, declared a 2-for-1 stock split.

a.  What will be the number of shares outstanding after the split?
fill in the blank 1 shares

b.  If the common stock had a market price of $192 per share before the stock split, what would be an approximate market price per share after the split?
$fill in the blank 2 per share

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