Homework Answers
Distinguishing between Common stock and Additional paid in capital:
Given
Common stock & Additional paid in capital, issued and outstanding = $40577 million
Par value per share = $0.001 per share
No. of shares issued and outstanding = 4313 shares
Now,
Total par value common stock
= no. of shares issued and outstanding × par value per share
= 4313 shares × $0.001
= $4.313
= $4 million
Now,
Additional paid in capital
= Common stock and additional paid in capital issued and outstanding - total par value of common stock
= $40577 - $4.313
= $40572.687
= $40573 million
Therefore,
The following are the portion if common stock and additional paid in capital
| Common stock | $4 million |
| Additional paid in capital | $40573 million |
Determination of Cisco's market capitalization as on April 26, 2019:
Given,
Current market price of stock = $55.88
Therefore,
Market capitalization
= Common shares issued & outstanding × current market price
= 4313 shares × $55.88
= $241010.44
= $241010 million
_______×________
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