The Cheesecake Factory Incorporated is publicly held and had more than 93 million common shares outstanding as of the end of the 2016 fiscal year. The company has preferred stock authorized but did not have any preferred stock issued. During fiscal year 2016, The Cheesecake Factory declared and paid cash dividends of $0.88 per share, totaling approximately $42.3 million. During the same year, it purchased 2.9 million shres of its own common stock at an approximate cost of $146.5 million.
The Cheesecake Factory Incorporated is publicly held and had more than 93 million common shares outstanding as of the end of the 2016 fiscal year. The company has preferred stock authorized but did not have any preferred stock issued. During fiscal year 2016, The Cheesecake Factory declared and paid cash dividends of $0.88 per share, totaling approximately $42.3 million. During the same year, it purchased 2.9 million shres of its own common stock at an approximate cost of $146.5 million.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The Cheesecake Factory Incorporated is publicly held and had more than 93 million common shares outstanding as of the end of the 2016 fiscal year. The company has
During fiscal year 2016, The Cheesecake Factory declared and paid cash dividends of $0.88 per share, totaling approximately $42.3 million. During the same year, it purchased 2.9 million shres of its own common stock at an approximate cost of $146.5 million.
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