Immediately Before a 3-For-1 Stock Split Was Declared and Distributed

question 30

Essay

Immediately before a 3-for-1 stock split was declared and distributed on 20,000 shares of par $80 stock, Mikah Company has total liabilities of $260,000 and total shareholders' equity of $320,000. Calculate Mikah Company's debt/equity ratio immediately after the stock split.

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Definitions:

Job Security

The likelihood or assurance an individual has that they will continue to be employed without risk of becoming unemployed.

Inplacement

A process within organizations aimed at helping existing employees transition into new roles or positions.

Counselling

The provision of professional guidance to resolve personal or psychological problems.

Job Search Assistance

Services or support provided to individuals seeking employment, including resume writing, interview coaching, and job placement counseling.