Question
[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.)
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