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Homework 7 Solution

Homework 7 Solution - LAST NAME FIRST NAME_PUID Management...

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LAST NAME : _____________ F IRST NAME ______________PUID_________________ Management 200 – Introductory Financial Accounting– Maymester 2010 Krannert School of Management - Purdue University Homework 7 – due Wednesday, June 9, 2010 - SOLUTION IMPORTANT: This homework must be turned in on this sheet of pages (please staple). It is preferred that you print it out two-sided if at all possible. Assignments not completed on this form will not be graded. The grade for this assignment will be based on the correctness of a partial portion of the assignment – the full assignment will not be graded. Please print your name and PUID clearly and legibly in the spaces above. Monsters Inc. Partial balance sheet as at December 31, 2008 (in $ thousands) Stockholders’ equity: Common stock, $1.00 par, 8,000,000 shares authorized, 2,043,900 issued $ 2,043.9 Additional paid-in capital 8,175.6 Retained earnings 11,214.4 Treasury shares, at cost (20,000 shares) (1,408.0 ) Total stockholders’ equity $20,025.9 History: a. Monsters Inc. issued common shares in its initial public offer (IPO) on July 6, 2002. b. Monsters Inc. had a 3-for-1 stock split on April 7, 2005. The share price was $48 immediately prior to the split.
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