Omega Products Company reported the following stockholders’ equity on its balance sheet:
Requirements
1. What caused Omega’s preferred stock to decrease during 2019? Cite all possible causes.
2. What caused the company’s common stock to increase during 2019? Identify all possible causes.
3. How many shares of Omega’s common stock were outstanding at December 31, 2019?
4. Omega’s net income during 2019 was $1,430 million. How much were the company’s dividends during the year?
5. During 2019, Omega sold no treasury stock. What average price per share did the company pay for the treasury stock that it purchased during the year?
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