Fabric outlet has 17500 shares of stock outstanding with a


Fabric Outlet has 17,500 shares of stock outstanding with a par value of $1 per share. The current market value of the firm is $1,280,000. The balance sheet shows a balance of $142,000 in the capital in excess of par value account and retained earnings of $234,000. The company just announced a 5-for-3 stock split. What will be the market price per share after the split?

Request for Solution File

Ask an Expert for Answer!!
Financial Management: Fabric outlet has 17500 shares of stock outstanding with a
Reference No:- TGS01396083

Expected delivery within 24 Hours