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

 

a. Show the computation to derive the $375 thousand for common stock. 

b. At what average price has Chipotle issued its common stock? Round to two decimal places.

c. How many shares of Chipotle common stock are outstanding as of December 31, 2014?

d. At what average cost has Chipotle repurchased its treasury stock as of December 31, 2014? Round to two decimal places. 

e. Select the incorrect reason as to why a company would want to repurchase its own stock. 

O To offset the dilutive effects of shares issued to employees under stock option plans.

O To raise capital for fund future long-term projects. 

O To mitigate a takeover threat by concentrating the remaining shares in "friendly hands." 

O To send a signal to the market that the company feels its shares are undervalued.

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Shareholders' Equity Preferred stock, $0.01 par value, 600,000 shares authorized, no shares issued as of $ December 31, 2014 Common stock, $0.01 par value, 230,000 shares authorized, and 37,462 shares issued as of December 31, 2014 December 31,2014 Additional paid-in capital Treasury stock, at cost, 4,589 common shares at December 31, 2014 Accumulated other comprehensive income (loss) Retained earnings Total shareholders' equity 375 1,205,698 (747,201) (429) 1,722,271 $2,180,714 Shareholders' Equity Preferred stock, $0.01 par value, 600,000 shares authorized, no shares issued as of $ December 31, 2014 Common stock, $0.01 par value, 230,000 shares authorized, and 37,462 shares issued as of December 31, 2014 December 31,2014 Additional paid-in capital Treasury stock, at cost, 4,589 common shares at December 31, 2014 Accumulated other comprehensive income (loss) Retained earnings Total shareholders' equity 375 1,205,698 (747,201) (429) 1,722,271 $2,180,714