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The stockholders equity section of The Seventies Shop is presented here. THE SEVENTIES SHOP Balance Sheet (partial) ($ in thousands) Stockholders' equity: Preferred stock, $50
The stockholders equity section of The Seventies Shop is presented here.
THE SEVENTIES SHOP | |
---|---|
Balance Sheet (partial) | |
($ in thousands) | |
Stockholders' equity: | |
Preferred stock, $50 par value | $0 |
Common stock, $5 par value | 16,000 |
Additional paid-in capital | 54,400 |
Total paid-in capital | 70,400 |
Retained earnings | 49,000 |
Treasury 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.
5. If the treasury stock was purchased at $16 per share, how many shares were purchased? (Enter your answer in total number of shares, not in thousands.)
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