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Required information The stockholders equity section of Velcro World is presented here. VELCRO WORLD Balance Sheet (partial) ($ and shares in thousands) Stockholders' equity: Preferred
Required information
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 | $6,000,000 |
Common stock, $1 par value | 30,000,000 |
Additional paid-in capital | 1,164,000,000 |
Total paid-in capital | 1,200,000,000 |
Retained earnings | 288,000,000 |
Treasury stock, 11,000 common shares | (352,000,000) |
Total stockholders' equity | $1,136,000,000 |
Based on the stockholders equity section of Velcro World, answer the following questions. Remember that all amounts are presented in thousands.
5. What was the average cost per share of the treasury stock acquired?
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