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