Analyzing and Computing Issue Price, Treasury Stock Cost and Shares Outstanding The following is a stockholder equity section from Chipotle Mexican Grill, Inc. balance sheet (in thousands), except per share data.) Shareholder’s Equity December 31, 2014Preferred stock, $0.01 par value. 600,000 shares authorized, no shares issued as o the 12/31/2014 …….. Common stock $0.01 par value 230,000 shared authorized, and 35, 394 shares issued 12/31/2014 354 Additional paid in capital 1,038,932Treasury stock at cost, 4,367 common stock at 12/31/2014 (748,759)Accumulated other comprehensive income (429)Total shareholder’s equity $2,012,369 d. At what average cost has Chipotle repurchase its treasury on December 31, 2014? e. Give 3 reasons why a company such as Chipotle would want to repurchase almost $750 million in common stock.
Analyzing and Computing Issue Price,
The following is a
Shareholder’s Equity December 31, 2014
Preferred stock, $0.01 par value. 600,000 shares authorized,
no shares issued as o the 12/31/2014 ……..
Common stock $0.01 par value 230,000 shared authorized,
and 35, 394 shares issued 12/31/2014 354
Additional paid in capital 1,038,932
Treasury stock at cost, 4,367 common stock at 12/31/2014 (748,759)
Accumulated other comprehensive income (429)
Total shareholder’s equity $2,012,369
d. At what average cost has Chipotle repurchase its treasury on December 31, 2014?
e. Give 3 reasons why a company such as Chipotle would want to repurchase almost $750 million in common stock.
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