Clorox and Lubrizol repurchased some common stock in 1995. Locate their 10-

K filings for 1995 from the EDGAR archives (www.sec.gov/edaux/

searches.htm).

Required

a. For each company, list the number of shares of common stock authorized, issued, and outstanding. Does either company hold any treasury stock?

b. How many shares of common stock did each of these companies repurchase in 1995? What was the cash outflow for shares repurchased?

c. What was the impact of the repurchase program on shareholders’ equity