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Book value of common stockholders' equity of FedEx, February 28, 2018 (figures in $ millions) Common shares ($0.10 par value per share) Additional paid-in capital Retained earnings Treasury shares at cost Other Net common equity Note: Authorized shares (millions) Issued shares, of which: Outstanding shares Treasury shares Required A Required B $ Required: a. Suppose that FedEx now issues 5 million shares at $160 a share. Update the table below with the new values. b. What would happen to the book value of common stockholders' equity if instead FedEx bought back 5 million shares at $160 per share? 31 3,088 23,713 (7,621) (360) Complete this question by entering your answers in the tabs below. Common shares ($0.10 par value per share) Additional paid-in capital Retained earnings Treasury shares at cost Other $ 18,851 Net common equity 950 310 268 42 What would happen to the book value of common stockholders' equity if instead FedEx bought back 5 million shares at $160 per share? (Negative amounts should be indicated by a minus sign. Enter your answers in millions rounded to 1 decimal place.) 0.0

Book value of common stockholders' equity of FedEx, February 28, 2018 (figures in $ millions) Common shares ($0.10 par value per share) Additional paid-in capital Retained earnings Treasury shares at cost Other Net common equity Note: Authorized shares (millions) Issued shares, of which: Outstanding shares Treasury shares Required A Required B $ Required: a. Suppose that FedEx now issues 5 million shares at $160 a share. Update the table below with the new values. b. What would happen to the book value of common stockholders' equity if instead FedEx bought back 5 million shares at $160 per share? 31 3,088 23,713 (7,621) (360) Complete this question by entering your answers in the tabs below. Common shares ($0.10 par value per share) Additional paid-in capital Retained earnings Treasury shares at cost Other $ 18,851 Net common equity 950 310 268 42 What would happen to the book value of common stockholders' equity if instead FedEx bought back 5 million shares at $160 per share? (Negative amounts should be indicated by a minus sign. Enter your answers in millions rounded to 1 decimal place.) 0.0

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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Book value of common stockholders' equity of FedEx, February 28, 2018 (figures in $ millions) Common shares ($0.10 par value per share) Additional paid-in capital Retained earnings Treasury shares at cost Other Net common equity Note: Authorized shares (millions) Issued shares, of which: Outstanding shares. Treasury shares Required A Required B Required: a. Suppose that FedEx now issues 5 million shares at $160 a share. Update the table below with the new values. b. What would happen to the book value of common stockholders' equity if instead FedEx bought back 5 million shares at $160 per share? $ Complete this question by entering your answers in the tabs below. Common shares ($0.10 par value per share) Additional paid-in capital Retained earnings Treasury shares at cost Other 31 3,088 23,713 (7,621) (360) Net common equity $ 18,851 < Required A What would happen to the book value of common stockholders' equity if instead FedEx bought back 5 million shares at $160 per share? (Negative amounts should be indicated by a minus sign. Enter your answers in millions rounded to 1 decimal place.) 950 310 268 42 0.0 Required B >
Transcribed Image Text:Book value of common stockholders' equity of FedEx, February 28, 2018 (figures in $ millions) Common shares ($0.10 par value per share) Additional paid-in capital Retained earnings Treasury shares at cost Other Net common equity Note: Authorized shares (millions) Issued shares, of which: Outstanding shares. Treasury shares Required A Required B Required: a. Suppose that FedEx now issues 5 million shares at $160 a share. Update the table below with the new values. b. What would happen to the book value of common stockholders' equity if instead FedEx bought back 5 million shares at $160 per share? $ Complete this question by entering your answers in the tabs below. Common shares ($0.10 par value per share) Additional paid-in capital Retained earnings Treasury shares at cost Other 31 3,088 23,713 (7,621) (360) Net common equity $ 18,851 < Required A What would happen to the book value of common stockholders' equity if instead FedEx bought back 5 million shares at $160 per share? (Negative amounts should be indicated by a minus sign. Enter your answers in millions rounded to 1 decimal place.) 950 310 268 42 0.0 Required B >
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