Reference no: EM132988397

Wilson Pharmaceuticals' stock has done very well in the market during the last three years. It has risen from $75 to $100 per share. The firm's current statement of stockholders' equity is as follows:

Common stock (2 million shares issued at par value of $10 per share) $20,000,000
Paid-in capital in excess of par 19,000,000
Retained earnings 46,000,000
Net worth 85000000

Problem 1: How many shares would be outstanding after a two-for-one stock split? (Do not round intermediate calculations. Input your answer in millions (e.g., $1.23 million should be entered as "1.23").)

Problem 2: How many shares would be outstanding after a three-for-one stock split? (Do not round intermediate calculations. Input your answer in millions (e.g., $1.23 million should be entered as "1.23").)