Question: Question 19 (3 points) A company's balance sheet is shown in terms of market values, not book values. There are 15,000 shares of stock outstanding

Question 19 (3 points) A company's balance sheet is shown in terms of market values, not book values. There are 15,000 shares of stock outstanding Equity $400,000 Fixed Assets Total $100,000 300,000 $400,000 Total $400,000 The company has announced it is going to repurchase $70,000 worth of stock. How many shares of stock will be outstanding after the repurchase? Enter your answer in the box shown below with 2 digits to the right of the decimal point

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