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Reconciling Common Stock and Treasury Stock Balances Following is the stockholders' equity section from the Abercrombie & Fitch Co. balance sheet. January January 30, 201631,
Reconciling Common Stock and Treasury Stock Balances Following is the stockholders' equity section from the Abercrombie & Fitch Co. balance sheet. January January 30, 201631, 2015 Stockholders' Equity ($ thousands, except par value amounts) Class A common stock-$0.01 par value: 150,000 shares authorized and 103,300 shares issues at each of January 30, 2016, and January 31, 2015 Paid-in capital $1,033 $1,033 407,029 434,137 2,530,196 2,550,673 (114,619) (83,580) Retained earnings Accumulated other comprehensive loss, net of tax Treasury stock at average cost: 35,952 and 33,948 shares at January 30, 2016 and January 31, 2015, respectively Total Abercrombie& Fitch Co. stockholders' equity (1,532,576) (1,512,562) 1,291,063 1,389,701 Noncontrolling interests 4,659 Total shareholders' equity 1,295,722 1,389,701 (b) How many shares are outstanding at 2016 fiscal year-end? 0 x shares (c) Use the common stock and paid-in capital accounts to determine the average price at which Abercrombie & Fitch issued its common stock. (Round your answer to two decimal places.) (d) Use the treasury stock account to determine the average price Abercrombie & Fitch paid when it repurchased its common shares. (Round your answer to two decimal places.)
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