Question: The stockholders' equity section of Velcro World is presented here.
Required: Based on the stockholders' equity section of Velcro World, answer the following questions. Remember that all amounts are presented in thousands.
1. How many shares of preferred stock have been issued?
2. How many shares of common stock have been issued?
3. If the common shares were issued at $20 per share, at what price per share were the preferred shares issued?
4. If retained earnings at the beginning of the period was $240 million and $20 million was paid in dividends during the year, what was the net income for the year?
5. What was the average cost per share of the treasury stock acquired?