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Required information [The following information applies to the questions displayed below) The stockholders' equity section of Velcro World is presented here. VELCRO WORLD Balance Sheet
Required information [The following information applies to the questions displayed below) The stockholders' equity section of Velcro World is presented here. VELCRO WORLD Balance Sheet (partiel) ($ and shares in thousands) Stockholders' equity: Preferred stock, 51 par value 5,500 Common stock, $1 par value 28,000 Additional paid in capital 1,028,600 Total paid in capital 1,062,400 Retained earnings 286,000 Treasury stock, 12,000 common shares (360,000) Total stockholders' equity $958,400 ces Based on the stockholders' equity section of Velcro World, answer the following questions. Remember that all amounts are presented in thousands Required: 1. How many shares of preferred stock have been issued? (Enter you answer in total number of shares, not in thousands.) Number of shares 2. How many shares of common stock have been issued? (Enter you answer in total number of shares, not in thousands.) Number of shares 5. What was the average cost per share of the treasury stock acquired? Average cost per share
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