Reference no: EM132935286

The stockholders' equity section of Velcro World is presented here.

VELCRO WORLD Balance Sheet (partial)($ and shares in thousands) Stockholders' equity:

Preferred stock, $1 par value$5,100

Common stock, $1 par value 21,000

Additional paid-in capital 624,000

Total paid-in capital 650,100

Retained earnings 279,000

Treasury stock, 11,000 common shares (253,000)

Total stockholders' equity$676,100

Problem 1: Based on the stockholders' equity section of Velcro World, answer the following questions. Remember that all amounts are presented in thousands.