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EQUITY - Problem 10 (10 points) The following is the Statement of Shareholders' Equity for Qutfront Steakhouse, Inc. for the year ended December 31, 2002.
EQUITY - Problem 10 (10 points) The following is the Statement of Shareholders' Equity for Qutfront Steakhouse, Inc. for the year ended December 31, 2002. Refer to it in order to answer the following questions (assume the firm has no preferred stock). Round all prices to cents. a. What are the financial statement effects of the issuance of new common stock in 2002 (assuming all new shares were issued for cash)? b. At what average price did Qutfront repurchase shares in 2002 ? c. What are the financial statement effects of the reissuance of treasury stock in 2002 ? d. At what average price did they originally repurchase those shares that they reissued in 2002 ? (no, this is not the same as part b) e. Suppose weighted average shares outstanding was 75,500 for 2002. What is the Basic EPS
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