What effect will a four-for-one stock split have on the following items found on a firm's...

What effect will a four-for-one stock split have on the following items found on a firm's financial statements?

Earnings per share $5.00. Round your answer to the nearest cent.

Initial amount New amount Effect

$5.00 $ -Select-increasedecreaseno change
Total equity $9,000,000. Round your answer to the nearest dollar.

Initial amount New amount Effect

$9,000,000 $ -Select-increasedecreaseno change
Long-term debt $4,300,000. Round your answer to the nearest dollar.

Initial amount New amount Effect

$4,300,000 $ -Select-increasedecreaseno change
Additional paid-in capital $1,564,000. Round your answer to the nearest dollar.

Initial amount New amount Effect

$1,564,000 $ -Select-increasedecreaseno change
Number of shares outstanding 900,000. Round your answer to the nearest whole number.

Initial amount New amount Effect

900,000 -Select-increasedecreaseno change
Earnings $4,500,000. Round your answer to the nearest dollar.

Initial amount New amount Effect

$4,500,000 $ -Select-increasedecreaseno change

Expert Solution

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