Group Assignment Missing information
Listed here are the stockholders’ equity sections of three public companies for years ending in 2008 and 2007:
| 2008 | 2007 | |
Wendy’s (in thousands) (merger with Triare in 2008) |
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Stockholders’ equity |
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Common stock, ?? stated value per share, authorized 1,500,000; 470,424 in 2008 and 93,576 in 2007 shares issued, respectively | $ 47,042 | $ 9,357 | |
Capital in excess of stated value | 2,752,987 | 291,122 | |
Reta ined ea rnings | (357,541) | 167,267 | |
Acc. other comp. income (loss) | (43,253) | (2,098) | |
Treasury stock, at cost: 1,220 in 2008 and 841 in 2007 | (15,944) | (16,774) | |
Coca-Cola (in millions) |
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Stockholders’ equity Common stock, ?? par value per share, authorized: 5,600; issued: 3,519 shares in 2008 and 3,519 shares in 2007 | 880 | 880 | |
Capital surplus | 7,966 | 7,378 | |
Reinvested earnings | 38,513 | 36,235 | |
Acc. other comp. inc. (loss) | (2,674) | (626) | |
Treasury stock, at cost: (1,207 shares in 2008; 1,201 shares in 2007) | (24,213) | (23,375) | |
Harley-Davidson (dollar amounts are presented in thousands) |
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Stockholders’ equity Common stock, ?? par value per share, authorized: 800,000,000, issued: 335,653,577 in 2008 and 335,211,201 shares in 2007 | 3,357 | 3,352 | |
Additional paid-in capital | 846,796 | 812,224 | |
Retained earnings | 6,458,778 | 6,117,567 | |
Acc. other comp. inc. (loss) | (522,526) | (137,258) | |
| Treasury stock, at cost: 102,889,370 for 2008 and 96,725,399 for 2007 | (4,670,802) | (4,420,394) |
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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 2008?
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 2008?
f. Do the data suggest that your company was profitable in 2008?
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?
Class Discussion
i. Have each group select a representative to present the information about its company. Compare the share issue price and the par or stated value of the companies.
j. Compare the average issue price to the current market price for each of the companies. Speculate about what might cause the difference.
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