Question: Hi, please help me with part b, for part a the correct answer is 4,390. I asked this question before, but that answer for part

Hi, please help me with part b, for part a the correct answer is 4,390.
I asked this question before, but that answer for part b was not correct.
Thank you in advance for your help!
Analyzing and Computing Average Issue Price and Treasury Stock Cost Following is the stockholders' equity section from the The Coca-Cola Company 2014 balance sheet. (All amounts in millions except par value.) The Coca-Cola Company Shareowners' Equity Common stock-$0.25 par value; authorized-11,422 shares; issued-7,163 shares Capital surplus Reinvested earnings Accumulated other comprehensive income (loss) Treasury stock, at cost-2,773 shares Equity attributable to shareowners of The Coca-Cola Company December 31, 2014 $1,859 14,007 63,853 (5,999) (42,670) $31,050 a. Compute the number of shares outstanding. 1,970 x million b. At what average price were the Coca-Cola shares issued? Round answer to two decimal places. 0.26 X
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
