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Homework answers / question archive / The market value balance sheet for Bobaflex Manufacturing is shown here

The market value balance sheet for Bobaflex Manufacturing is shown here

Finance

The market value balance sheet for Bobaflex Manufacturing is shown here. The company has declared a 20 percent stock dividend. The stock goes ex dividend tomorrow (the chronology for a stock dividend is similar to that for a cash dividend) Market Value Balance Sheet Cash $ 93,000 Debt $ 152,000 Fixed assets 770,000 Equity 711,000 Total $ 863,000 Total $ 863,000 There are 28,000 shares of stock outstanding What is the current share price? (Do not round intermediate calculations. Round your answer to 2 decimal places, eg., 32. 16.) Current stock price $ What will the ex-dividend price be? (Do not round Intermediate calculations. Round your answer to 2 decimal places, e... 32.16.) Ex dividend price

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