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Explains the change in the number of shares outstanding

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Family Dollar operates a chain of discount stores. It has locations across the United States. Family Dollar is not a true "dollar store" in the strict sense; while there are many items available for $1, there are other price points as well. However, approximately 90% of the products cost less than $10. The chain deals in food items, clothing and assorted household products.

Problem 1: How many shares did Family Dollar Stores have outstanding at the end of the fiscal year ended August 30, 2008? What explains the change in the number of shares outstanding during the year?

Reference no: EM132645028

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