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The stockholders equity section of the balance sheet for Velcro World is presented here. VELCRO WORLD Balance Sheet (partial) ($ and shares in thousands) Stockholders'
The stockholders equity section of the balance sheet for Velcro World is presented here.
VELCRO WORLD | |
Balance Sheet (partial) | |
($ and shares in thousands) | |
---|---|
Stockholders' equity: | |
Preferred stock, $1 par value | $ 6,000 |
Common stock, $1 par value | 30,000 |
Additional paid-in capital | 1,164,000 |
Total paid-in capital | 1,200,000 |
Retained earnings | 288,000 |
Treasury stock, 11,000 common shares | (352,000) |
Total stockholders' equity | $ 1,136,000 |
What was the average cost per share of the treasury stock acquired?
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