The following is the stockholders' equity section from Chipotle Mexican Grill, lnc.'s balance sheet (in thousands, except per share data).

a. Show the computation to derive the $359 thousand for common stock.

b. At what average price has Chipolle issued its common stock?

c. How many shares of Chipotle common stock are outstanding as of December 31, 2017?

d. At what average cost has Chipotle repurchased its treasury stock as of December 31, 2017?

e. Give three reasons why a company such as Chipotle would want to repurchase almost $2,350 million of its common stock.

Transcribed Image Text:

December Shareholders' Equlty 31, 2017 Preferred stock, $0.01 par value, 600.000 shares authorized, no shares issued as of S December 31, 2017 Common stock, $0.01 par value, 230,000 shares authorized, and 35,852 shares issued as of December 31, 2017..... Additional paid-in capital.. Treasury stock. at cost, 7,826 common shares at December 31. 2017 Accumulated other comprehensive income (loss) Retained earnings... 359 1,305,090 (2.334,409) (3,659) 2,397,064 ..... Total shareholders' equity. $1,364,445