Understanding real-world annual reports Required Use the Topps Company’s annual
ID: 2471563 • Letter: U
Question
Understanding real-world annual reports
Required
Use the Topps Company’s annual report in Appendix B to answer the following questions.
a. Does Topps’ common stock have a par value, and if so how much is it?
b. How many shares of Topps’ common stock were outstanding as of February 25, 2006? Do not forget to consider treasury stock.
c. The dollar-value balance in Topps’ Treasury Stock account is larger than the balance in its Common Stock and Additional Paid-In-Capital accounts. How can this be?
d. How many members of Topps’ Board of Directors are also officers (employees) of the company as of February 25, 2006?
e. What was the highest and lowest price per share that Topps’ common stock sold for during the fiscal year ending on February 25, 2006?
Explanation / Answer
Yes Topps’ common stock have a par value. And the par value per share is $0.0833
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