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a. How many shares of common stock did Procter & Gamble issue when convertible Class A preferred stock was converted during fiscal year ended June 30, 2019? At what average price were the preferred shares converted? Did the company issue new (previously unissued) shares for the preferred share conversion?

b. How many shares did the company issue for employee stock plans during the year? At what average price were the common shares issued to employees? Did the company issue new shares for the employee stock plans awards?

c. The company reported basic EPS of $1.40 for the year. The companys stock price on June 28, 2019 (the closest day before the fiscal year-end) was $109.65. Calculate the dividend payout and dividend yield ratios.

d. How many shares of stock did PG repurchase during the year? At what average price per share? Why does PG repurchase its own stock?

e. Compute the companys market cap at June 28, 2019. What is the market-to-book ratio on that day?

Please show your process! Thanks

P8-54. Analyzing and Interpreting Equity Accounts and Comprehensive Income Following is the statement of shareholders' equity from the 2019 10-K for Procter & Gamble Company. LO1, 2, 3, 4, 5 The Procter & Gamble Company (PG) Consolidated Statement of Shareholders' Equity Accumu- lated Other Reserve Compre- Common Additional for ESOP hensive Shares Common Preferred Paid-in Debt Income Outstanding Stock Stock Capital Retirement (Loss) Dollars in millions; Shares in thousands Non- Treasury Retained controlling Stock Earnings Interest Total 2,498,093 $4,009 $ 967 $63,846 $(1,204) $(14,749) $ (99,217) $98,641 $590 $52,883 (326) (200) 3,897 (27) 69 (553) 3,966 139 1 140 Balance, June 30, 2018 Impact of adoption of new accounting standards Net earnings ... Other comprehensive income (loss). .. Dividends and dividend equivalents ($2.8975 per share) Common. Preferred, net of tax benefits Treasury stock purchases Employee stock plans. Preferred stock conversions. ESOP debt impacts Noncontrolling interest, net. Balance, June 30, 2019 (7,256) (263) (7,256) (263) (5,003) 3,874 (53,714) 55,734 4,638 (5,003) 3,781 93 6 (39) 33 58 99 157 (248) (366) (118) $63,827 2,504,751 $4,009 $ 928 $(1,146) $(14,936) $(100,406) $94,918 $385 $47,579