Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

[The following information applies to the questions displayed below.] The stockholders' equity section of The Seventies Shop is presented here. THE SEVENTIES SHOPBalance Sheet (partial)($

[The following information applies to the questions displayed below.]

The stockholders' equity section of The Seventies Shop is presented here.

THE SEVENTIES SHOPBalance Sheet (partial)($ in thousands)Stockholders' equity:Preferred stock, $50 par value$0Common stock, $5 par value16,000Additional paid-in capital54,400Total paid-in capital70,400Retained earnings49,000Treasury stock(2,900)Total stockholders' equity$116,500

Based on the stockholders' equity section of The Seventies Shop, answer the following questions. Remember that all amounts are presented in thousands.

6.How much was the dividend per share? (Hint: Dividends are not paid on treasury stock.)(Round your answer to 2 decimal places.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting

Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider

28th Edition

1337902683, 978-1337902687

More Books

Students also viewed these Accounting questions