Question

Assume Lululemon’s issued common stock to investors on January 13, 2010. Estimate the price received by the company per share of stock issued. (Assume that no other stock issuances occurred during the fiscal year)

lululemon athletica inc. and Subsidiaries CONSOLIDATED BALANCE SHEETS January 31, February 1, 2010 2009 (Amounts in thousands escept per share amounts ASSETS Current assets Cash and cash equivalents $ 159 573 $ 56,797 Accounts receivable 8.238 4,029 Inventones 44070 52.051 Prepaid expenses and other current assets 4529 4111 216,410 116988 Property and equipment, net 61 591 61 662 Goodwill and intangible assets, bet 8050 8.160 Deferred income taxes 15.102 19373 Other non-current assets 6.105 5,453 $ 307,258 $ 211 636 LIABILITIES AND STOCKHOLDERS' EQUITY Current habilities Accounts payable $ 11,028 $ 5.269 Accrued liabilities 17.207 22.103 Acensed compensation and related expenses 10626 5862 Income taxes payable 7.742 2133 Unredeemed gift card liability 11.699 9.278 Other current liabilities 376 58678 45 335 Other non-current liabilities 15,472 11 301 Deferred income taxes 74.150 Stockholders' equity Undesignated preferred stock, 50.01 par value, 5,000 shares authorized, none issued and outstanding Exchangeable stock, no par value, 30.000 shares authorized, issued and outstanding 19,383 and 19517 Special voting stock, S0.00001 par value, 30,000 shares authorized, issued and outstanding 19.383 and 19517 Common stock, 30.01 par value, 200.000 shares authorized, issued and outstanding 51,126 and 50,422 511 Additional paid-in capital 189,051 155 961 Retained earnings 37679 9528 Accumulated other comprehensive income (loss) 5867 (11151) 233,108 154842 $ 307,258 $ 211.636 690 56,794