Question
The stockholders equity section on the balance sheet of Dillards, a popular department store, is shown below. The company reported a net loss of $241,165,000
The stockholders equity section on the balance sheet of Dillards, a popular department store, is shown below. The company reported a net loss of $241,165,000 and declared and paid dividends of $11,900,000 in 2009. |
Stockholders Equity (in thousands): | 2009 | 2008 | |||
Common stock, Class A116,630,308 and 116,595,495 shares issued; ? and ? shares outstanding | ? | 1,166 | |||
Common stock, Class B (convertible)4,160,929 shares issued and outstanding | 42 | 42 | |||
Additional paid-in capital | 762,055 | 793,987 | |||
Retained earnings | 2,597,727 | ? | |||
Less treasury stock, at cost, Class A47,166,748 and 45,400,148 shares | (961,021 | ) | (930,560 | ) | |
Required: |
1. | Calculate the value of common stock, class A at par value for 2009? (Enter your answer in thousands. Round your answer to the nearest dollar amount. Omit the "$" sign in your response.) |
Common stock at par value | $ |
2. | Calculate the number of shares of common stock, class A outstanding in 2008 and in 2009? |
2008 | 2009 | |
Number of shares | ||
3. | Calculate the value of retained earnings for 2008? (Enter your answers in thousands. Omit the "$" sign in your response.) |
Retained earnings | $ |
4. | At the end of 2009, have the treasury stock transactions increased corporate resources or decreased corporate resources? By how much? (Input the amount as positive value. Enter your answer in thousands. Omit the "$" sign in your response.) |
(Click to select)Increased corporate resourcesDecreased corporate resources by $ |
5. | By how much the treasury stock transactions increased (decreased) stockholders equity during 2009? (Input thre amount as positive value. Enter your answer in thousands. Omit the "$" sign in your response.) |
(Click to select)Increased stockholders equityDecreased stockholders equity by $ |
6. | How much did the treasury stock held cost per share? (Round your answer to 2 decimal places. Omit the "$" sign in your response.) |
Cost per share | $ |
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