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Following is the stockholders equity section from the Campbell Soup Company balance sheet. (Note: Campbells uses shareowners equity in lieu of the more common title
Following is the stockholders equity section from the Campbell Soup Company balance sheet. (Note: Campbells uses shareowners equity in lieu of the more common title of stockholders equity.).
Shareholders' Equity (millions, except per share amounts) | July 31, 2016 | August 2, 2015 |
---|---|---|
Preferred stock: authorized 40 shares; non issued | $ -- | $ -- |
Capital stock, $.0375 par value; authorized 560 shares; | ||
issued 323 shares | 12 | 12 |
Additional paid-in capital | 354 | 339 |
Earnings retained in the business | 1,927 | 1,754 |
Capital stock in treasury, at cost | (664) | (556) |
Accumulated other comprehensive loss | (104) | (168) |
Total Campbell Soup Company shareowners equity | 1,525 | 1,381 |
Noncontrolling interests | 8 | (4) |
Total equity | $1,533 | $1,377 |
At what average price were the Campbell Soup shares issued? (Round your answer to two decimal places.)
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