The balance sheet for Tempest, Inc., Is shown here in market value terms. There are 27,000 shares of stock outstanding. Market Value Balance Sheet Cash $ 117,000 489,960 Equity Fixed assets $606,960...


The balance sheet for Tempest, Inc., Is shown here in market value terms. There are<br>27,000 shares of stock outstanding.<br>Market Value Balance Sheet<br>Cash<br>$ 117,000<br>489,960 Equity<br>Fixed assets<br>$606,960<br>Total<br>$606,960<br>Total<br>$606,960<br>The company has declared a dividend of $1.40 per share. The stock goes ex dividend<br>tomorrow. Ignore any tax effects.<br>a. What is the stock selling for today? (Do not round intermedlate calculatlons and<br>round your answer to 2 decimal places, e.g., 32.16.)<br>b. What will it sell for tomorrow? (Do not round Intermedlate calculatlons and round<br>your answer to 2 decimal places, e.g., 32.16.)<br>a. Stock price today<br>b. Stock price tomorrow<br>c. What will the balance sheet look like after the dividends are pald? (Do not round<br>Intermedlate calculations and round your answers to the nearest whole number,<br>e.g., 32.)<br>Cash<br>Fixed assets<br>Equity<br>Total<br>Total<br>

Extracted text: The balance sheet for Tempest, Inc., Is shown here in market value terms. There are 27,000 shares of stock outstanding. Market Value Balance Sheet Cash $ 117,000 489,960 Equity Fixed assets $606,960 Total $606,960 Total $606,960 The company has declared a dividend of $1.40 per share. The stock goes ex dividend tomorrow. Ignore any tax effects. a. What is the stock selling for today? (Do not round intermedlate calculatlons and round your answer to 2 decimal places, e.g., 32.16.) b. What will it sell for tomorrow? (Do not round Intermedlate calculatlons and round your answer to 2 decimal places, e.g., 32.16.) a. Stock price today b. Stock price tomorrow c. What will the balance sheet look like after the dividends are pald? (Do not round Intermedlate calculations and round your answers to the nearest whole number, e.g., 32.) Cash Fixed assets Equity Total Total

Jun 06, 2022
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