Problem
Dollar General operates a chain of discount variety stores. It has over 16,000 locations across the United States. Using the Consolidated Statements of Shareholders' Equity provided on the next page, answer the following questions. Amounts reported are in $ thousands, except per share amounts.
i. How many shares did Dollar General have outstanding at the beginning of the fiscal year ended January 29, 2021?
ii. How many shares did Dollar General have outstanding at the end of the fiscal year ended January 29, 2021? What explains the change in the number of shares outstanding during the year?
iii. What is the nominal value of each share of common stock?
iv. How many shares of common stock did Dollar General repurchase during fiscal year ended January 29, 2021?
v. What was the average price per share that Dollar General paid to repurchase shares during fiscal year ended January 29, 2021?
vi. If Dollar General had not declared dividends for the fiscal year ended January 29, 2021, would net income have been higher, lower or the same as reported?