The financial statements of P&G are presented in Appendix 5B. The company’s complete annual report, including the notes to the financial statements, can be accessed at the book’s companion website, www.wiley.com/college/kieso.

Instructions
Refer to P&G’s financial statements and the accompanying notes to answer the following questions.

  (a) What is the par or stated value of P&G’s preferred stock?
  (b) What is the par or stated value of P&G’s common stock?
  (c) What percentage of P&G’s authorized common stock was issued at June 30, 2011?
  (d) How many shares of common stock were outstanding at June 30, 2011, and June 30, 2010?
  (e) What was the dollar amount effect of the cash dividends on P&G’s stockholders’ equity?
  (f) What is P&G’s return on common stock equity for 2011 and 2010?
  (g) What is P&G’s payout ratio for 2011 and 2010?
  (h) What was the market price range (high/low) of P&G’s common stock during the quarter ended June 30, 2011?