Lumber Liquidators Holdings Inc

Locate the 10-K for Lumber Liquidators Holdings Inc (CIK: 1396033), covering the year ended December 31, 2020.

Answer the following questions:

Suppose you were able to estimate the fair value of Lumber Liquidators common equity at $578 million as of December 31, 2020. What would be the fair value per share?

Describe how the fair value per share is different than the book value per share, both in terms of dollars for Lumber Liquidators, but also conceptually.

What was the average price-per-share Lumber Liquidators paid to repurchase its own stock during 2020?

Describe what treasury stock is and explain what its effect is on equity (increases or decreases).

Lumber Liquidators employees exercised 40,000 stock options during 2020. What effect did these exercises have on the following (ignore taxes):

Total Assets

Total Liabilities

Total Equity

Total Cash Flow