Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Analyzing and Computing Issue Price, Treasury Stock Cost, and Shares Outstanding Following is the stockholders equity section of the 2 0 1 8 Merck &
Analyzing and Computing Issue Price, Treasury Stock Cost, and Shares Outstanding Following is the stockholders equity section of the Merck & Co Inc. balance sheet. Stockholders Equity $ millions, except par value Common stock, $ par value; authorized shares; issued shares $ Other paidin capital Retained earnings Accumulated other comprehensive loss Stockholders equity before deduction for treasury stock $ Less treasury stock, at cost: shares Total Merck & Co Inc. stockholders equity $ a Show the computation of the $ million in the common stock account. Answer shares x $Answer per share is approximately $Answer million on the balance sheet. b At what average price were the Merck common shares issued? Note: Round your answers to two decimal places for example, enter for $Answer per share c At what average cost was the Merck treasury stock purchased? Note: Round your answers to two decimal places for example, enter for $Answer per share d How many common shares are outstanding as of December Answer shares outstanding e Assume Mercks closing stock price is $ per share on December Use that amount to calculate the companys market cap for that day. $Answer million
Analyzing and Computing Issue Price, Treasury Stock Cost, and Shares Outstanding
Following is the stockholders equity section of the Merck & Co Inc. balance sheet.
Stockholders Equity $ millions, except par value
Common stock, $ par value; authorized shares;
issued shares $
Other paidin capital
Retained earnings
Accumulated other comprehensive loss
Stockholders equity before deduction for treasury stock $
Less treasury stock, at cost: shares
Total Merck & Co Inc. stockholders equity $
a Show the computation of the $ million in the common stock account.
Answer
shares x $Answer
per share is approximately $Answer
million on the balance sheet.
b At what average price were the Merck common shares issued?
Note: Round your answers to two decimal places for example, enter for
$Answer
per share
c At what average cost was the Merck treasury stock purchased?
Note: Round your answers to two decimal places for example, enter for
$Answer
per share
d How many common shares are outstanding as of December Answer
shares outstanding
e Assume Mercks closing stock price is $ per share on December Use that amount to calculate the companys market cap for that day.
$Answer
million
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started