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VELCRO WORLD Balance Sheet (partial) ($ in thousands) Stockholders' equity: Preferred stock, $1 par value $ 5,400 Common stock, $1 par value 27,000 Additional paid-in
VELCRO WORLD Balance Sheet (partial) ($ in thousands) Stockholders' equity: Preferred stock, $1 par value $ 5,400 Common stock, $1 par value 27,000 Additional paid-in capital 588,000 Total paid-in capital 620,400 Retained earnings 282,000 Treasury stock, 12,000 common shares (204,000) Total stockholders' equity $ 698,400 --------------------------------------------------------------------------------------------- A) If the common shares were issued at $17 per share, at what price per share were the preferred shares issued? B) If retained earnings at the beginning of the period was $223 million and $24 million was paid in dividends during the year, what was the net income for the year? C) What was the average cost per share of the treasury stock acquired
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