90.2K

Verified Solution

Link Copied!

! Required information (The following information applies to the questions displayed below.) The stockholders' equity section of Velcro World is presented here. VELCRO WORLD Balance Sheet (partial) (s and shares in thousands) Stockholders' equity: Preferred stock, si par value $ 4,300 Common stock. $1 par value 13,000 Additional paid-in capital 293,600 Total paid-in capital 310,900 Retained earnings 271,000 Treasury stock, 12,000 common shares (180,000) Total stockholders' equity $ 401,900 Based on the stockholders' equity section of Velcro World, answer the following questions. Remember th presented in thousands. 3. If the common shares were issued at $13 per share, at what average price per share were the preferred shares issued? Preferred shares issued price per share 4. If retained earnings at the beginning of the period was $233 million and $13 million was paid in dividends during the year, what was the net income for the year? (Enter your answer in million (i.e., 5,000,000 should be entered as 5).) Net incomo million 5. What was the average cost per share of the treasury stock acquired? Average cost per share ! Required information (The following information applies to the questions displayed below.) The stockholders' equity section of Velcro World is presented here. VELCRO WORLD Balance Sheet (partial) (s and shares in thousands) Stockholders' equity: Preferred stock, si par value $ 4,300 Common stock. $1 par value 13,000 Additional paid-in capital 293,600 Total paid-in capital 310,900 Retained earnings 271,000 Treasury stock, 12,000 common shares (180,000) Total stockholders' equity $ 401,900 Based on the stockholders' equity section of Velcro World, answer the following questions. Remember th presented in thousands. 3. If the common shares were issued at $13 per share, at what average price per share were the preferred shares issued? Preferred shares issued price per share 4. If retained earnings at the beginning of the period was $233 million and $13 million was paid in dividends during the year, what was the net income for the year? (Enter your answer in million (i.e., 5,000,000 should be entered as 5).) Net incomo million 5. What was the average cost per share of the treasury stock acquired? Average cost per share

Answer & Explanation Solved by verified expert

See Answer