Analyzing and Computing Issue Price, Treasury Stock Cost, and Shares OutstandingThe following is the stockholders' equity section from Chipotle Mexican Grill, Inc.'s balance sheet (in thousands, except per share data).DecemberShareholders' Equity31,2014Preferred stock, $0.01 par value, 600,000 shares authorized, no shares issued as of $December 31, 2014Common stock, $0.01 par value, 230,000 shares authorized, and 39,123 sharesissued as of December 31, 2014391Additional paid-in capital1,300,547Treasury stock, at cost, 4,605 common shares at December 31, 2014(749,521)Accumulated other comprehensive income (loss)(429)Retained earnings1,722,271Total shareholders' equity$2,273,259a. Show the computation to derive the $391 thousand for common stock.39,123shares X $ 0.01391V thousand (round to the nearest whole number)b. At what average price has Chipotle issued its common stock?Round to two decimal places.$ 0.01c. How many shares of Chipotle common stock are outstanding as of December 31, 2014?x thousandd. At what average cost has Chipotle repurchased its treasury stock as of December 31, 2014?Round to two decimal places.$ 0

Treasury stock or reacquired stock refers to the shares which are bought back from existing…

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

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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