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The stockholders' equity section on the balance sheet of Dillard's, a popular department store, is shown below. The company reported a net income of $241,255,000
The stockholders' equity section on the balance sheet of Dillard's, a popular department store, is shown below. The company reported a net income of $241,255,000 and declared and paid dividends of $11,899,000 in 2012. 2011 1,165 Stockholders' Equity (in thousands): 2012 Common stock, Class A116,580,308 and 116,545,495 shares issued; ? and ? shares outstanding ? Common stock, Class B (convertible)-4,130,929 shares issued and outstanding Additional paid-in capital 773,055 Retained earnings 2,567,727 Less treasury stock, at cost, Class A-47,156,748 and 45,310,148 shares (947,021) 41 41 794,987 (938,560) 6. What is the average cost per share of the treasury stock held as of the end of 2012? (Round your answer to 2 decimal places.)
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