Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

a) Does The Second Cup have preferred shares? If so, how many preferred shares is the company authorized to issue? How many shares were issued

a) Does The Second Cup have preferred shares? If so, how many preferred shares is the company authorized to issue? How many shares were issued at June 24, 2000?

b) What was the average issue price of the common shares at June 24, 2000 and June 30, 1998?

c) Did The Second Cup repurchase any shares in fiscal 2000? Fiscal 1998? If so, identify how many shares and at what amount.

d) Calculate The Second Cup's return on equity for fiscal 1999, using its pro forma 1999 results. Shareholders' equity at June 27, 1998 was $10,.950,000. How does this compare to the 2000 return on equity of 9.50%?

e) Calculate the book value per share for fiscal 1999, using its pro formal 1999 results. How has the book value changed from fiscal 1999 to 2000? The book value per share for 2000 was $0.18

f) How many common shares were issued for cash to employees and directors during the year ended June 24, 2000?

g) As at June 24, 2000, what percentage of the company assets was financed by the shareholders equity?

h) Did the company report and discounted operations or extraordinary items during the years ended June 24, 2000, and June 30, 1999?

i) How much were the earnings (loss) per share the years ended June 24, 2000 and June 30, 1999?

j) How much (if anything was paid in dividends during the years ended June 24, 2000 and June 30, 1999?

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management Accounting In A Dynamic Environment

Authors: Cheryl S McWatters, Jerold L Zimmerman

1st Edition

0415839025, 9780415839020

More Books

Students also viewed these Accounting questions

Question

8. What are the costs of collecting the information?

Answered: 1 week ago