Required Use information from the accompanying financial statements of Lesco, Inc. to answer the following questions:
A. What was Lesco’s total contributed capital for 2004?
B. How many shares of common stock were outstanding at the end of 2004?
C. What dollar amount of treasury stock did Lesco hold at the end of 2004?
D. What dollar amount of stock did Lesco repurchase during 2004? How much did it issue?
E. What was the amount of dividends paid in 2004?
F. How much net cash flow came from financing activities associated with stockholders’ equity during 2004, excluding the effect of net income? What were the sources of that cash flow?
G. How much net income came from financing activities associated with stockholders’ equity during the current year?
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Lesco, Inc. |
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Stockholders’ Equity |
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|
Common stock, $0.10 par value, |
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|
1,000,000 shares authorized, |
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|
700,000 shares issued |
$70,000 |
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Paid in capital in excess of par value |
810,240 |
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Retained earnings |
356,812 |
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Treasury stock (30,000 shares at cost) |
42,296 |
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Total stockholders’ equity |
$1,194,756 |
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Lesco, Inc. |
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Common |
Paid In |
Retained |
Treasury |
Total |
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|
31 Dec 03 |
$65,000 |
$747,196 |
$306,201 |
$33,941 |
$1,084,456 |
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Net income |
92,611 |
92,611 |
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Dividends |
42,000 |
42,000 |
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Stock purchased |
8,355 |
8,355 |
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Stock issued |
5,000 |
63,044 |
68,044 |
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31 Dec 04 |
$70,000 |
$810,240 |
$356,812 |
$42,296 |
$1,194,756 |