Companies sometimes employ stock splits to bring down the price of its shares so that the stock is more attractive to potential investors. consider the case of green moose industries: green moose industries currently has 15,000 shares of common stock outstanding. its management believes that its current stock price of $90 per share is too high. the company is planning to conduct a 3-for-1 stock split. if green moose industries declares a 3-for-1 stock split, what will be the price of the company’s stock after the split—assuming that the total value of the firm’s stock remains the same before and after the split—should be per share? blue elk manufacturing is one of green moose’s leading competitors.

Haley photocopying purchases a paper from an out-of-state vendor. average weekly demand for paper is 150 cartons per week for which haley pays $15 per carton. in bound shipments from the vendor average 1000 cartoons with an average lead time of 3 weeks. haley operates 52 weeks per year; it carries a 4-week supply of inventory as safety stock and no anticipation inventory. the vendor has recently announced that they will be building a faculty near haley photocopying that will reduce lead time to one week. further, they will be able to reduce shipments to 200 cartons. haley believes that they will be able to reduce safety stock to a 1-week supply. what impact will these changes make to haley’s average inventory level and its average aggregated inventory value?