Assume this is the stockholders' equity section from the Abercrombie & Fitch balance sheet. Shareholders' Equity (thousands,
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Question:
Assume this is the stockholders' equity section from the Abercrombie & Fitch balance sheet.
Shareholders' Equity (thousands, except par value amounts) | January 28, 2012 | January 29, 2011 |
---|---|---|
Class A common stock-$0.01 par value: 150,000 shares authorized and 104,800 shares issues at January 28, 2012, and January 29, 2011, respectively | $320,499 | $290,780 |
Retained earnings | 2,051,463 | 1,646,290 |
Accumulated other comprehensive income (loss), net of tax | 7,118 | (994) |
Treasury stock at average cost: 17,641 and 14,999 shares at January 28, 2012 and January 29, 2011, respectively | (760,752) | (530,764) |
Total shareholders' equity | $ 1,618,328 | $ 1,405,312 |
(a) How many shares are issued at January 28, 2012?
(b) How many shares are outstanding at January 28, 2012?
(c) Determine the average price at which Abercrombie & Fitch issued its common stock. (Round your answer to two decimal places.)
(d) Use the treasury stock account to determine the average price Abercrombie & Fitch paid when it repurchased its common shares. (Round your answer to two decimal places.)
Related Book For
Financial Accounting
ISBN: 9781618533111
6th Edition
Authors: Michelle L. Hanlon, Robert P. Magee, Glenn M. Pfeiffer, Thomas R. Dyckman
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