2021: Cash = $8.71; Account Receivable = $3.54; Inventory = $3.93; Gross Fixed Assets = $8.81; Accumulated Depreciation = $6.81; Retained Earnings = $1.54; Capital Surplus = $1.7; Common Stock ($0.50 par) = $1.82; Notes Payable = $4.39; Long term debt = $6.65; Accounts Payable= $2.08. 2022: Cash $10.71; Account Receivable = $2.54; Inventory = $4.43; Gross Fixed Assets = $10.51; Accumulated Depreciation = $7.51; = Retained Earnings = $2.54; Capital Surplus = $4.2; Common Stock ($0.50 par) = $3.62; Notes Payable = $4.69; Long term debt = $3.67; Accounts Payable= $1.96. Calculate the average price at which new shares were sold. 1.19 0.50 0.59 None of these options are correct 0.84

Cash=$8.71;AccountReceivable=$3.54;Inventory=$3.93;GrossFixedAssets=$8.81;AccumulatedDepreciation=$6.81; Retained Earnings =$1.54; Capital Surplus =$1.7; Common Stock ($0.50 par ) =$1.82; Notes Payable =$4.39; Long term debt =$6.65; Accounts Payable = $2.08. 2022: Cash =$10.71; Account Receivable =$2.54; Inventory =$4.43; Gross Fixed Assets =$10.51; Accumulated Depreciation =$7.51; Retained Earnings =$2.54; Capital Surplus =$4.2; Common Stock ($0.50 par ) =$3.62 : Notes Payable =$4.69; Long term debt =$3.67; Accounts Payable = $1.96. Calculate the average price at which new shares were sold. 1.19 0.50 0.59 None of these options are correct 0.84