Mgmt 200 Spring 2011 Homework 5 solution

Mgmt 200 Spring 2011 Homework 5 solution - LAST NAME: _...

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LAST NAME: _____________ FIRST NAME______________PUID_________________ Please write your name in BLOCK letters and in the format: Last name, First name. Management 200 – Introductory Financial Accounting– Spring 2011 Krannert School of Management - Purdue University Homework 5 – due Friday, April 22, 2011 - 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. PART A: Flavor Corporation Partial balance sheet as at December 31, 2009 ($ millions) Stockholders’ equity: Common stock, $1.00 par, 80,000,000 shares authorized, 27,900,000 issued $ 27.90 Additional paid-in capital 334.80 Retained earnings 645.26 Treasury shares, at cost (520,000 shares) (15.08 ) Total stockholders’ equity $992.88 History: a. Flavor Corporation issued 13,950,000, $2.00 par common shares in its initial public offer (IPO) on July 6, 2003. b. Flavor Corporation had a 2-for-1 stock split on September 20, 2007. The share price was $42 immediately prior to the split. c.
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This note was uploaded on 02/27/2012 for the course MGMT 200 taught by Professor Greigg during the Spring '08 term at Purdue University-West Lafayette.

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Mgmt 200 Spring 2011 Homework 5 solution - LAST NAME: _...

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