Answered

Welcome to Westonci.ca, where finding answers to your questions is made simple by our community of experts. Explore our Q&A platform to find in-depth answers from a wide range of experts in different fields. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.

Tele-Mart instituted a 5-for-1 split in April. After the split, Ashlee owned 1,860 shares. How many shares had she owned before the split?

Sagot :

adioabiola

Answer:

372 shares

Step-by-step explanation:

Let

x = shares owned before the split

Share after split : share before split = 5 : 1

Share after split : share before split = 1,860 : x

Equate both ratios

5 : 1 = 1,860 : x

5/1 = 1,860/x

Cross product

5 * x = 1 * 1,860

5x = 1,860

x = 1,860/5

x = 372

x = shares owned before the split = 372 shares

Thanks for stopping by. We are committed to providing the best answers for all your questions. See you again soon. Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. Thank you for choosing Westonci.ca as your information source. We look forward to your next visit.