mvFSU-Central Authent x Chega Study | Guided So × y Chapter 17 Homework Dezto.mh
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mvFSU-Central Authent x Chega Study | Guided So × y Chapter 17 Homework Dezto.mheducation.com/hm.tpx The balance sheet for Ferguson Corp. is shown here in market value terms. There are 6,000 shares of stock outstanding Market Value Balance Sheet $ 45,200 Equity Cash Fixed assets 460,000 Equity $ 505,200 Total $ 505,200 Total $505,200 The company has declared a dividend of $1.50 per share. The stock goes ex dividend tomorrOw gnoring any tax effects, what is the stock selling for today? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) Stock price per share gnoring any tax effects, what will it sell for tomorrow? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) Stock price per share gnoring any tax effects, what will the balance sheet look like after the dividends are paid? (Do not round intermediate calculations.) Balance Sheet Cash Fixed assets Equity Total Total 5:00 PM 12/7/2015Explanation / Answer
1) stock price = equity/number of shares outstanding = 505200/6000 = 84.2
2) Stock price after dividend payout = price before - dividend per share = 84.2-1.5 = 82.7
3) Cash = 45200 - 1.5*6000 = 36200
Fixed asset = 460000
Total asset = 492000
Equity = 505200-1.5*6000 = 496200
Total = 496200
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