Wilson Pharmaceuticals’ stock has done very well in the market during the last three years. It has risen from $45 to $70 per share. The firm’s current statement of stockholders’ equity is as follows:
Common stock (4 million shares issued at par value of $10 per share) $ 40,000,000
Paid-in capital in excess of par 16,000,000
Retained earnings 44,000,000
Net worth $ 100,000,000
Required:
a-1. How many shares would be outstanding after a two-for-one stock split?a-2. What would be its par value?b-1. How many shares would be outstanding after a three-for-one stock split?b-2. What would be its par value?

Asmall town wants to build some new recreational facilities. the proposed facilities include a swimming pool, recreation center, basketball court and baseball field. the town council wants to provide the facilities which will be used by the most people, but they face budget and land limitations. the town has $400,000 and 14 acres of land. the pool requires locker facilities which would be in the recreation center, so if the swimming pool is built the recreation center must also be built. also, the council has only enough flat land to build the basketball court or the baseball field. the daily usage and cost of the facilities (in $1,000) are shown below. which facilities should they build? facilityusagecost ($1,000)landswimming pool4001002recreation center5002003basketball court3001504baseball field2001005