E8-lA. Analyze equity section of balance sheet. (LO I, 5)
Pets Mart reported the following information on the financial statements included with its 2004 annual report. Were any new shares of common stock issued between February 1, 2004, and January 30, 2005? Did the company report a net income for the year ended January 30, 2005? Explain how You know
| (dollars in thousands) | Jan. 30, 2005 | Feb. 1, 2004 |
| Common stock, par value $0’0001 | ||
| Authorized:2 50,000,000 shares; | ||
| Issued and outstanding 149,517,000 shares | 15 | |
| at Jan. 30, 2005 | ||
| 144,813,000 shares | 14 | |
| at February 1 ,2004 | ||
| Paid- in capital | 792,400 | 705,265 |
| Retained earnings | 286,380 | 132,544 |
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