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a. Show the computation to derive the $391 thousand for common stock. 39,123 V shares X $ 0.01 391 V thousand (round to the nearest whole number) b. At what average price has Chipotle issued its common stock? Round to two decimal places. $ 0.01 c. How many shares of Chipotle common stock are outstanding as of December 31, 2014? x thousand d. At what average cost has Chipotle repurchased its treasury stock as of December 31, 2014? Round to two decimal places. $ 0

a. Show the computation to derive the $391 thousand for common stock. 39,123 V shares X $ 0.01 391 V thousand (round to the nearest whole number) b. At what average price has Chipotle issued its common stock? Round to two decimal places. $ 0.01 c. How many shares of Chipotle common stock are outstanding as of December 31, 2014? x thousand d. At what average cost has Chipotle repurchased its treasury stock as of December 31, 2014? Round to two decimal places. $ 0

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Analyzing and Computing Issue Price, Treasury Stock Cost, and Shares Outstanding The following is the stockholders' equity section from Chipotle Mexican Grill, Inc.'s balance sheet (in thousands, except per share data). December Shareholders' Equity 31,2014 Preferred stock, $0.01 par value, 600,000 shares authorized, no shares issued as of $ December 31, 2014 Common stock, $0.01 par value, 230,000 shares authorized, and 39,123 shares issued as of December 31, 2014 391 Additional paid-in capital 1,300,547 Treasury stock, at cost, 4,605 common shares at December 31, 2014 (749,521) Accumulated other comprehensive income (loss) (429) Retained earnings 1,722,271 Total shareholders' equity $2,273,259 a. Show the computation to derive the $391 thousand for common stock. 39,123 shares X $ 0.01 391 V thousand (round to the nearest whole number) b. At what average price has Chipotle issued its common stock? Round to two decimal places. $ 0.01 c. How many shares of Chipotle common stock are outstanding as of December 31, 2014? x thousand d. At what average cost has Chipotle repurchased its treasury stock as of December 31, 2014? Round to two decimal places. $ 0
Transcribed Image Text:Analyzing and Computing Issue Price, Treasury Stock Cost, and Shares Outstanding The following is the stockholders' equity section from Chipotle Mexican Grill, Inc.'s balance sheet (in thousands, except per share data). December Shareholders' Equity 31,2014 Preferred stock, $0.01 par value, 600,000 shares authorized, no shares issued as of $ December 31, 2014 Common stock, $0.01 par value, 230,000 shares authorized, and 39,123 shares issued as of December 31, 2014 391 Additional paid-in capital 1,300,547 Treasury stock, at cost, 4,605 common shares at December 31, 2014 (749,521) Accumulated other comprehensive income (loss) (429) Retained earnings 1,722,271 Total shareholders' equity $2,273,259 a. Show the computation to derive the $391 thousand for common stock. 39,123 shares X $ 0.01 391 V thousand (round to the nearest whole number) b. At what average price has Chipotle issued its common stock? Round to two decimal places. $ 0.01 c. How many shares of Chipotle common stock are outstanding as of December 31, 2014? x thousand d. At what average cost has Chipotle repurchased its treasury stock as of December 31, 2014? Round to two decimal places. $ 0
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