The stockholders' equity section of University Fashions is presented here:
UNIVERSITY FASHIONS
Balance Sheet
Stockholders Equity Section
$ in thousands
Stockholders' equity:
Preferred stock, $ par value $
Common stock, $ par value
Additional paidin capital
Total paidin capital
Retained earnings
Treasury stock
Total stockholders' equity $
Based on the stockholders' equity section of University Fashions, answer the following questions. Remember that all amounts are presented in thousands.
Required:
How many shares of preferred stock have been issued?
How many shares of common stock have been issued?
Assuming the preferred shares were issued at par value, at what average price per share were the common shares issued?
If retained earnings at the beginning of the period was $ million and net income during the year was $ million, how much was paid in dividends for the year?
If the treasury stock was purchased at $ per share, how many shares were purchased?
