Question
It is OK to use formulas in the cells but I dont check the cells so you must show work where appropriate. The Urban Outfitters
It is OK to use formulas in the cells but I dont check the cells so you must show work where appropriate.
The Urban Outfitters Company had the following financial information on June 30,2016, the end of their fiscal year:
Preferred stock, 9%, $100 par value,75,000 shares
authorized, ____??___shares issued................. $4,000,000
Common stock, $20 par value, 1,500,000 shares
authorized; __??__ shares issued and _??____
outstanding .................................. 10,000,000
Additional paid-in capital
In excess of par value-common................... 800,000
Retained Earnings .................................. 2,500,000
Treasury stock (6,000 shares).............. 240,000
INSTRUCTIONS
Complete the following statements and show your computations. (Show
computations)
The number of shares of common stock outstanding was _______________.
The total annual preferred stock dividend is_______________.
The total Paid-In-Capital is_____________________.
(d) The number of shares of preferred stock issued was __________.
(e) The average sales price per share of the common stock when issued was
$__________.
(f) The cost per share of the treasury stock was $_____________.
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