Question

wyman industries inc. had 250,000 common shares outstanding before a 3-for-1 stock split. how many shares outstanding did it have after the split?

Answer 1

After a 3-for-1 stock split, Wyman Industries Inc., which had 250,000 shares before the split, would have 750,000 shares outstanding.

Step-by-step explanation:

Wyman Industries Inc. had 250,000 common shares outstanding before a 3-for-1 stock split. After the stock split, the company would have three times as many shares outstanding because each share has been split into three shares.In a 3-for-1 stock split, each existing share is split into three new shares. S To calculate the new number of shares, you multiply the pre-split shares by the split ratio. Therefore, after the 3-for-1 stock split, Wyman Industries Inc. would have 750,000 common shares outstanding (250,000 pre-split shares x 3).