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Below is the stockholders equity section from Colgate-Palmolive Company: Shareholders Equity 2020 2019 Common stock, $1 par value (2,000 shares authorized, 1,465 shares issued) 1,466

Below is the stockholders equity section from Colgate-Palmolive Company:

Shareholders Equity

2020

2019

Common stock, $1 par value (2,000 shares authorized, 1,465 shares issued)

1,466

1,466

Additional paid-in capital

2,969

2,488

Retained earnings

23,699

22,501

Accumulated other comprehensive income (loss)

(4,345)

(4,273)

Unearned compensation

(1)

(2)

Treasury stock, at cost

(23,045)

(22,063)

Total Colgate-Palmolive Company shareholders equity

743

117

Noncontrolling interests

358

441

Total equity

1,101

558

A summary of treasury stock activity for the three years ended December 31 is as follows:

# of shares

Balance, January 1, 2018

591

Common stock acquired

18

Shares issued for stock options

(6)

Shares issued for restricted stock units and other

(1)

Balance, December 31, 2018

602

Common stock acquired

17

Shares issued for stock options

(8)

Shares issued for restricted stock units and other

(1)

Balance, December 31, 2019

610

Common stock acquired

18

Shares issued for stock options

(13)

Shares issued for restricted stock units and other

(1)

Balance, December 31, 2020

614

2020 307 shares

2019 294 shares

  1. How many shares of common stock are outstanding at the end of each year?
  2. What is the average price at which shares were originally issued as of December 31, 2020?
  3. What is the average cost of shares in Treasury for each year?
  4. What is the average cost of treasury shares acquired during 2020?
  5. What amount of cash dividends per share could the company declare and pay and still leave $5,000 in retained earnings?
  6. What is the highest stock dividend percentage the company could distribute?
  7. How would a 3-for-1 stock split affect the stockholders equity section of the balance sheet?

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