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A Reconciling Common Stock and Treasury Stock Balances Assume this is the stockholders' equity section from the Abercrombie & Fitch balance sheet. Shareholders' Equity January

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A Reconciling Common Stock and Treasury Stock Balances Assume this is the stockholders' equity section from the Abercrombie & Fitch balance sheet. Shareholders' Equity January 29. January 30, (thousands, except par value amounts) 2011 2010 Class A common stock-$0.01 par value: 150,000 shares authorized and 103,300 shares issues at January 29, 2011, and January 30, 2010, respectively $350,291 $340,486 Retained earnings 2,272,317 2,183,690 Accumulated other comprehensive loss.net of tax (6,516) (8.973) Treasury stock at average cost 16,054 and 15,314 shares at January 29, 2011 and/anuary 30, 2010, respectively (725 308) (687,286) Total shareholders' equity $ 1,890,784 $1,827,917 Answer! (a) How many shares are issued at January 29, 2011? thousand (b) How many shares are outstanding at 2011 fiscal year end? Answer! thousand shares outstanding (C) Determine the average price at which Abercrombie & Fitch issued its common stock (Round your answer to two decimal places) SAnswer (d) Use the treasury stock account to determine the average price Abercrombie & Fitch paid when it repurchased its common shares (Round your answer to two decimal places.) SAnswer (Ctrl)

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