BusinessCourse Chapter 11 Homework Return to course Analyzing and Computing Average Issue Price and Treasury Stock Cost Support Addie McCracken Following is the stockholders' equity section from the The Coca-Cola Company 2014 balance sheet. (Al amounts in milions except par value.) The Coca-Cola Company Shareowners' Equity Common stock $0.25 par value authorized-11.644d-7.276 shares Capital surplus Reinvested earnings December 31 2014 $1,968 14117 63,910 Accumulated other comprehensive income poss Treasury stock at cost-2.882 shares Equity attributable to shareowners of The Coca Cola Company a. Compute the number of shares outstanding 4.3941 millon (42.723) $31047 b. At what average price were the Coca-Cola shares issued? Round answer to two decimal places $ 2.21 c. At what average cost were the Coca-Cola treasury stock shares purchased? Round answer to two decimal places $0 d. How should treasury stock be treated in calculating EPS? The number of treasury stock shares is subtracted from the denominator in computing EPS The number of treasury stock shares is added to the denominator in computing EPS The treasury stock balance is subtracted from the numerator in computing EPS. The treasury stock balance is added to the numerator in computing EPS mark confirm your identity