The owners' equity accounts for Freya International are shown here. Common stock ($.60 par value) $ 45,000 Capital surplus 365,000 Retained earnings 798,120 Total owners’ equity $ 1,208,120.
a-1 If Freya declares a three-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-four 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.) New par value $ _______ per share.