Ahold is a major international supermarket operator based in Zaandam, Netherlands. Following is information taken from Ahold's
Question:
Ahold is a major international supermarket operator based in Zaandam, Netherlands. Following is information taken from Ahold's financial statements prepared in accordance with IFRS.
Footnotes to financial statements disclose the following: At December 30, 2012, and January 1, 2012, there were \(1,700,000,000\) shares authorized, and 1,060,988,000 and 1,100,888 shares issued respectively. During 2012, Ahold repurchased 26,832,085 shares for a total consideration of \(€ 277\) million, and the company cancelled some of the treasury shares held. At year end 2012, the company had treasury stock of \(22,481,000\) shares.
Required
a. How many shares are authorized at December 30, 2012?
b. How many shares are issued at December 30,2012? At what average price were these shares issued December 30, 2012?
c. At what average price did the company repurchase treasury shares during 2012 ?
d. How many shares are outstanding as of December 30, 2012?
e. At December 30, 2012, the share price for Ahold was \(€ 10.14\). Compute the company's market capitalization on that date. How does this compare to the net book value of equity?
Henkel AG \& Co.
Step by Step Answer:
Financial And Managerial Accounting For MBAs
ISBN: 9781618533593
6th Edition
Authors: Peter D. Easton