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Speedway Corporation manufactures automobile steering wheels. Selected portions of the company's recent financial statements are given below:
a. Using the above data, what is the total contributed capital at year-end? (Show computations.)
b. How many shares of common stock were outstanding at year-end? (Show computations.)
c. What dollar amount of treasury stock did Speedway hold atyear-end?
d. What dollar amount of treasury stock did Speedway repurchase during the year?
e. How much common stock did the company issue?
f. What was the amount of dividends paid during the year?
g. How much net income came from financing activities associated with shareholders' equity during the current year, excluding the effect of net income? (Show computations.)
Financial Statement Analysis and Preparation
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