Required information [The following information applies to the questions displayed below.] The stockholders' equity section of...
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Required information [The following information applies to the questions displayed below.] The stockholders' equity section of The Seventies Shop is presented here. ($ in thousands) THE SEVENTIES SHOP Balance Sheet (partial) Stockholders' equity: Preferred stock, $50 par value Common stock, $5 par value Additional paid-in capital Total paid-in capital Retained earnings Treasury stock Total stockholders' equity $0 17,000 64,600 81,600 50,000 (3,100) $128,500 Based on the stockholders' equity section of The Seventies Shop, answer the following questions. Remember that all amounts are presented in thousands. 3. Total paid-in capital is $81.60 million. At what average price per share were the common shares issued? Average price per share Required information [The following information applies to the questions displayed below.] The stockholders' equity section of The Seventies Shop is presented here. ($ in thousands) THE SEVENTIES SHOP Balance Sheet (partial) Stockholders' equity: Preferred stock, $50 par value Common stock, $5 par value Additional paid-in capital Total paid-in capital Retained earnings Treasury stock Total stockholders' equity $0 17,000 64,600 81,600 50,000 (3,100) $128,500 Based on the stockholders' equity section of The Seventies Shop, answer the following questions. Remember that all amounts are presented in thousands. 3. Total paid-in capital is $81.60 million. At what average price per share were the common shares issued? Average price per share
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