ConAgra Foods reported the following information on its comparative balance
ConAgra Foods reported the following information on its comparative balance sheet at May 25, 2008 (dollars in millions):


1. Explain what Additional paid-in capital and retained earnings each represent.
2. What is the approximate par value of ConAgra’s common stock?
3. How many new shares of common stock did the company issue during the fiscal year ended May 25, 2008?
4. What was the approximate (average) issue price of the stock issued during the year?
5. Did ConAgra earn a net income during the year?
6. If ConAgra paid dividends of $377.1 (million) total, what would you estimate net income for the year tobe?
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