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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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