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1. Which of the financial statements would not be used when analyzing equity information for a company? a. Income Statement b. Balance Sheet c.

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1. Which of the financial statements would not be used when analyzing equity information for a company? a. Income Statement b. Balance Sheet c. Statement of Stockholder's Equity d. Cash Flow Statement e. All of the above are useful Utilize the Wells Fargo (WFC) 10-K as of December 31, 2021 to answer the following questions. 2. Determine which of the following statements are false. a. Wells Fargo paid less cash dividends on their common stock this year when compared to last year. b. Wells Fargo did NOT issue preferred stock in 2021 c. Wells Fargo has the same amount of common stock and preferred stock in 2021. d. There are 9 million shares of common stock authorized for 2021. 3. How many shares of common stock are outstanding on December 31, 2021? You may round to the nearest million. 4. Compute the EPS for Wells Fargo as of December 31, 2021 (Yes, it can be found on the income statement, but show the EPS formula and SHOW YOUR WORK). 5. Suppose Wells Fargo has an additional 1,000,000 shares outstanding, and their net income remains unchanged from the financial statements. Calculate their new EPS. How would their EPS change and does this make sense? 6. During FY 2021, how many shares of common stock did Wells Fargo repurchase?

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