Listed here are the stockholders’ equity sections of three public companies for fiscal years ending in 2017 and 2016. (Note that for General Mills these data are for the fiscal years ended on May 27, 2018 and May 28, 2017.)

Required

a. Divide the class in three sections and divide each section into groups of three to five students. Assign each section one of the companies.

Group Tasks

Based on the company assigned to your group, answer the following questions:

b. What is the per-share par or stated value of the common stock in 2017?

c. What was the average issue price of the common stock for each year?

d. How many shares of stock are outstanding at the end of each year?

e. What is the average cost per share of the treasury stock for 2017?

f. Do the data suggest that your company was profitable in 2017?

g. Can you determine the amount of net income from the information given? What is missing?

h. What is the total stockholders’ equity of your company for each year?

Transcribed Image Text:

2017 2016 The Wendy's Company (in thousands) Stockholders' equity Common stock, ?? stated value per share, authorized: 1,500,000; 470,424 shares issued Capital in excess of stated value Retained earnings Acc. other comp. income (loss) Treasury stock, at cost: 229,912 in 2017 and 223,850 in 2016 $ 47,042 2,885,955 $ 47,042 2,878,589 (163,289) (46,198) (2,150,307) (290,857) (63,241) (2,043,797) Coca-Cola (in millions) Stockholders' equity Common stock, ?? par value per share, authorized: 11,200; issued: 7,040 shares in 2017 and 2016 Capital surplus Reinvested earnings Acc. other comp. inc. (loss) Treasury stock, at cost: 2,781 in 2017 and 2,752 in 2016 General Mills (in millions) Stockholders' equity Common stock, ?? par value per share, authorized: 1,760 15,864 60,430 (10,305) (50,677) 1,760 14,993 65,502 (11,205) (47,988) 754.6 shares issued in 2017 and 2016 75.5 75.5 Additional paid-in capital Retained earnings Acc. other comp. inc. (loss) Treasury stock, at cost: 161.5 in 2017 and 177.7 in 2016 1,202.5 1,120.9 14,459.6 13,138.9 (2,429.0) (7,167.5) (2,244.5) (7,762.9)