The 2016 annual report for mega millions disclosed that 1 billion shares of common stock have been authorized. at the end of 2015, 770 million shares had been issued and the number of shares in treasury stock was 99 million. during 2016, the only common share transactions were that 16 million common shares were issued from treasury and 22 million common shares were purchased and held as treasury stock.

required: determine the number of common shares (a) issued, (b) in treasury, and (c) outstanding at the end of 2016. (enter your answers in millions.)

Fanning books buys books and magazines directly from publishers and distributes them to grocery stores. the wholesaler expects to purchase the following inventory: april may june required purchases (on account) $ 111,000 $ 131,000 $ 143,000 fanning books accountant prepared the following schedule of cash payments for inventory purchases. fanning books suppliers require that 85 percent of purchases on account be paid in the month of purchase; the remaining 15 percent are paid in the month following the month of purchase. required complete the schedule of cash payments for inventory purchases by filling in the missing amounts. determine the amount of accounts payable the company will report on its pro forma balance sheet at the end of the second quarter.

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Calculate riverside’s financial ratios for 2014. assume that riverside had $1,000,000 in lease payments and $1,400,000 in debt principal repayments in 2014. (hint: use the book discussion to identify the applicable ratios.)