Analyzing and Computing Issue Price, Treasury Stock Cost, and
Shares Outstanding
The following is the stockholders' equity section from Chipotle
Mexican Grill, Inc.'s balance sheet (in thousands, except per share
data).
December | ||||||||
---|---|---|---|---|---|---|---|---|
Shareholders' Equity | 31, 2014 | |||||||
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 36,945 shares | ||||||||
issued as of December 31, 2014 | 369 | |||||||
Additional paid-in capital | 1,129,003 | |||||||
Treasury stock, at cost, 4,476 common shares at December 31, 2014 | (749,885) | |||||||
Accumulated other comprehensive income | (429) | |||||||
Retained earnings | 1,722,271 | |||||||
Total shareholders' equity | $2,101,329 |
a. Show the computation to derive the $369 thousand for common
stock.
Answer
shares X $Answer
= Answer
thousand (round to the nearest whole number)
b. At what average price has Chipotle issued its common
stock?
Round to two decimal places.
$Answer
Answers
>36,945 shares x $ 0.01 par
= $ 369
Analyzing and Computing Issue Price, Treasury Stock Cost, and Shares Outstanding The following is the stockholders'...
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