Question
Following is the statement of shareholders equity from the 2019 10-K for Procter & Gamble Company. Consolidated Statement of Stockholders' Equity Reserve Accumulated Common Additional
Following is the statement of shareholders equity from the 2019 10-K for Procter & Gamble Company.
Consolidated Statement of Stockholders' Equity | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|
Reserve | Accumulated | |||||||||
Common | Additional | for ESOP | Other | |||||||
Shares | Common | Preferred | Paid-In | Debt | Comprehensive | Treasury | Retained | Noncontrolling | ||
Dollars in millions; shares in thousands | Outstanding | Stock | Stock | Capital | Retirement | Income (Loss) | Stock | Earnings | Interest | Total |
Balance, June 30, 2018 | 2,498,093 | $4,009 | $967 | $63,846 | $(1,204) | $(14,749) | $(99,217) | $98,641 | $590 | $52,883 |
Impact of adoption of new | - | |||||||||
accounting standards | (261) | (160) | (22) | (443) | ||||||
Net earnings | 3,118 | 55 | 3,173 | |||||||
Other comprehensive | - | |||||||||
income (loss) | 111 | 1 | 112 | |||||||
Dividends and dividend equivalents | - | |||||||||
($2.8975 per share) | - | |||||||||
Common | (5,805) | (5,805) | ||||||||
Preferred, net of tax benefits | (210) | (210) | ||||||||
Treasury stock purchases | (42,971) | (4,002) | (4,002) | |||||||
Employee stock plans | 44,587 | 74 | 3,025 | 3,099 | ||||||
Preferred stock conversions | 3,710 | (31) | 5 | 26 | - | |||||
ESOP debt impacts | 46 | 79 | 125 | |||||||
Noncontrolling interest, net | - | - | - | (94) | - | - | - | - | (198) | (292) |
Balance, June 30, 2019 | 2,503,419 | $4,009 | $936 | $63,831 | $(1,158) | $(14,899) | $(100,168) | $95,663 | $426 | $48,640 |
a. How many shares of common stock did Procter & Gamble issue when convertible Class A preferred stock was converted during fiscal year ended June 30, 2019?
At what average price were the preferred shares converted? Round answer to two decimal places.
b. How many shares did the company issue for employee stock plans during the year?
At what average price were the common shares issued to employees? Round answer to two decimal places.
c. The company reported basic EPS of $1.12 for the year. The company's stock price on June 28, 2019 (the closest day before the fiscal year-end) was $87.72. Calculate the dividend payout ratio and dividend yield ratios. Round answers to one decimal place (example: 0.2345 = 23.5%).
d. How many share of stock did PG repurchase during the year?
At what average price per share? Round answer to two decimal places.
e.Compute the company's market cap at June 28, 2019. Enter answer in millions. Round answer to the nearest million.
What is the market-to-book ratio on that day? Round answer to two decimal places.
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