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Below is the common equity section (in millions) of Jordan InforTracs 2013 and 2012 balance sheets. The company went to public in 2012 and sold
Below is the common equity section (in millions) of Jordan InforTracs 2013 and 2012 balance sheets.
The company went to public in 2012 and sold a share for $20. In 2013, the company issued additional shares at $40 per share.
2013 2012 Common stock $2,000 $1,000
Retained earnings 2,000 2,340
Total common equity $4,000 $3,340
Compute the number of outstanding stocks in 2013?
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