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. (partial) ($ and shares in thousands) Stockholders equity: Preferred stock, 51 par value Common stock, $1 par value Additional paid in capital Total paid in capital Retained earnings Treasury stock, 10,000 common shares Total stockholders' equity $ 5,600 26,000 902.000 933,600 284,000 (280,000) $937,600 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 46 (The following information applies to the questions displayed below.) 15 The stockholders' equity section of Velcro World is presented here. VELCRO WORLD Balance Sheet (partial) (s and shares in thousands) Stockholders' equity Preferred stock, 31 par value Common stock, 51 par value Additional paid in capital Total paid in capital Retained earnings Treasury stock, 10,000 connon shares Total stockholders equity $ 5,600 26,000 902.000 933,600 284,800 (280,000) $937,600 Based on the stockholders' equity section of Velcro World, answer the following questions. Remember that all amounts are presented in thousands 2. How many shares of common stock have been issued? (Enter you answer in total number of shores, not in thousands.) Number of shares [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 Connon stock, 31 par value Additional paid in capital Total paid in capital Retained earnings Treasury stock, 10,000 common shares Total stockholders' equity $ 5,600 26.000 902,000 933,600 284,000 (200,000) $937,600 Based on the stockholders' equity section of Velcro World, answer the following questions. Remember that all amounts are presented in thousands 3. If the common shares were issued at $26 per share, at what average price per share were the preferred shares issued? Proleted states issued price por share 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 $ 5,600 Common stock, $1 par value 26,000 Additional paid in capital 902,000 - Total paid-in capital 933,600 Retained earnings 284,000 Treasury stock, 10,000 common shares (280,000) Total stockholders' equity $937,600 Based on the stockholders' equity section of Velcro World, answer the following questions. Remember that all amounts are presented in thousands 4. If retained earnings at the beginning of the period was $246 million and $26 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 os 5).) Not income million 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, 51 par value Comon stock, $1 par value Additional paid in capital Total paid in capital Retained earnings Treasury stock, 10,000 connon shares Total stockholders' equity $ 5,600 26,000 902,000 933,600 284,000 (280,000) $ 937,600 Based on the stockholders' equity section of Velcro World, answer the following questions. Remember that all arounts are presented in thousands 5. What was the average cost per share of the treasury stock acquired? Average cost Dor Share
