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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 19,000 Additional paid-in capital 87,400 Total paid-in capital 106,400 Retained earnings 52,000 Treasury stock (3,500) Total stockholders' equity $154,900 Based on the stockholders equity section of The Seventies Shop, answer the following questions. Remember that all amounts are presented in thousands. 3. Total paid-in capital is $106.40 million. At what average price per share were the common shares issued
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