Problem 10-4A Analyze the stockholders' equity section (LO10-7) [The following information applies to the questions displayed below) The stockholders' equity section of Velcro World is presented here. VELCRO WORLD Balance sheet (partial) ($ and shares in thousands ) Stockholders' equity Preferred stock, $1 par value $ 5,400 Common stock, $1 par value 24,000 Additional paid-in capital 784,200 Total poid-in capital 813,600 Retained earnings 282,000 Treasury stock, 11.000 comton shares (286,000) Total stockholders' equity $ 809,600 Based on the stockholders' equity section of Velcro World, answer the following questions. Remember that all amounts are presented in thousands Problem 10-4A Part 1 Required: 1. How many shares of preferred stock have been issued? (Enter you answer in total number of shares, not in thousands.) Answer is complete but not entirely correct. Number of shares 233,601 Problem 10-4A Analyze the stockholders' equity section (L010-7) [The following information applies to the questions displayed below.) The stockholders' equity section of Velcro World is presented here. VELCRO WORLD Balance Sheet (partial) (5 and shares in thousands) Stockholders' equity: Preferred stock, $1 par value Common stock, $1 par value Additional paid-in capital Total paid-in capital Retained earnings Treasury stock, 11,000 common shares Total stockholders' equity 5,400 24,000 784,200 813,600 282,000 (286,000) $ 809,600 Based on the stockholders' equity section of Velcro World, answer the following questions. Remember that all amounts are presented in thousands Problem 10-4A Part 2 2. How many shares of common stock have been issued? (Enter you answer in total number of shares, not in thousands.) 54 Number of shares Problem 10-4A Analyze the stockholders' equity section (LO10-7) (The following information applies to the questions displayed below) The stockholders' equity section of Velcro World is presented here. VELCRO WORLD Balance sheet (partial) (s and shares in thousands) Stockholders equity: Preferred stock, $1 par value 5,400 Common stock, 91 par value 24,000 Additional paid-in capital 784,200 Total paid-in capital 813,600 Retained earnings 282,000 Treasury stock, 11,000 common shares (286,000) Total stockholders' equity $ 809,600 Based on the stockholders equity section of Velcro World, answer the following questions, Remember that all amounts are presented in thousands Problem 10-4A Part 3 3. If the common shares were issued at $24 per share, at what average price per share were the preferred shares issued? Preferred shares issued price por share Problem 10-4A Analyze the stockholders' equity section (LO10-7) [The following information applies to the questions displayed below) The stockholders' equity section of Velcro World is presented here. VELCRO WORLD Balance Sheet (partial) ($ and shares in thousands) Stockholders' equity Preferred stock, $1 par value $ 5,400 Common stock, $1 par value 24,000 Additional paid in capital 784 200 Total paid-in capital 813,600 Retained earnings 282,000 Treasury stock, 11,000 common shares (286.000) Total stockholders' equity $ 809,600 Based on the stockholders' equity section of Velcro World, answer the following questions. Remember that all amounts are presented in thousands Problem 10-4A Part 4 4. If retained earnings at the beginning of the period was $244 million and $24 million was paid in dividends during the year, what was the net income for the year? (Enter your answer in million (.e., 5,000,000 should be entered as 5).) Net Income million Problem 10-4A Analyze the stockholders' equity section (L010-7) (The following information applies to the questions displayed below) The stockholders' equity section of Velcro World is presented here. VELCRO WORLD Balance Sheet (partial) ($ and shares in thousands Stockholders' equity Preferred stock, $1 par valve $ 5,400 Common stock, $1 par value 24,000 Additional paid-in capital 784,200 Total paid-in capital 813,600 Retained earnings 282,000 Treasury stock, 11,000 common shares 286,000 Total stockholders equity 5 809,600 Based on the stockholders' equity section of Velcro World, answer the following questions, Remember that all amounts are presented in thousands Problem 10-4A Part 5 5. What was the average cost per share of the treasury stock acquired? Average cost per share
