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Following is the stockholders equity section of the 2018 Merck & Co. Inc. balance sheet. Question 4 Not complete Marked out of 7.00 P Flag
Following is the stockholders equity section of the 2018 Merck & Co. Inc. balance sheet.
Question 4 Not complete Marked out of 7.00 P Flag question Analyzing and Computing Issue Price, Treasury Stock Cost, and Shares Outstanding Following is the stockholders' equity section of the 2018 Merck & Co. Inc. balance sheet. Stockholders' Equity (5 millions, except par value) 2018 Common stock, 50.50 par value: 6,500,000 authorized shares 3,577,103.522 issued shares $1,788 Other paid-in capital 38,808 Retained earnings 42.579 Accumulated other comprehensive loss (5.545) Stockholders' equity before deduction for treasury stock 577,630 Less treasury stock at cost: 984 543,979 shares 50.929 Total Merck & Co. Inc. stockholders' equity $26,701 a. Show the computation of the $1,788 million in the common stock account. shares x 5 per share is approximately to $ 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 67.49 for 67,48555). per share c. At what average cost was the Merck treasury stock purchased? Note: Round your answers to two decimal places (for example, enter 67.49 for 67.48555), $ per share d. How many common shares are outstanding as of December 31, 2018? shares outstanding e. Assume Merck's closing stock price is $76.41 per share on December 31, 2018. Use that amount to calculate the company's market cap for that day million Question 4 Not complete Marked out of 7.00 Hag question 2018 Analyzing and Computing Issue Price, Treasury Stock Cost, and Shares Outstanding Following is the stockholders' equity section of the 2018 Merck & Co. Inc. balance sheet. Stockholders' Equity (5 millions, except par value) Common stock. 50.50 par value: 6,500,000 authorized shares: 3,577,103,522 issued shares $1,788 Other paid-in capital 38,808 Retained earnings 42.579 Accumulated other comprehensive loss (5.545) Stockholders' equity before deduction for treasury stock $77,630 Less treasury stock, at cost: 984,543,979 shares 50,929 Total Merck & Co. Inc. stockholders equity $26,701 a. Show the computation of the $1,788 million in the common stock account. shares x 5 per share is approximately to $ 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 67.49 for 67.48555). per share $ c. At what average cost was the Merck treasury stock purchased? Note: Round your answers to two decimal places (for example, enter 67.49 for 67.48555). per share Question 4 Not complete Marked out of 7.00 P Rag question Analyzing and Computing Issue Price, Treasury Stock Cost, and Shares Outstanding Following is the stockholders' equity section of the 2018 Merck & Co. Inc. balance sheet. Stockholders' Equity (5 millions, except par value) 2018 Common stock, 50.50 par value: 6.500,000 authorized shares: 3.577,103,522 issued shares $1,788 Other paid-in capital 38,808 Retained earnings 42.579 Accumulated other comprehensive loss (5.545) Stockholders equity before deduction for treasury stock $77,630 Less treasury stock at cost: 984,543.979 shares 50,929 Total Merck & Co. Inc. stockholders equity 526,701 a. Show the computation of the $1,788 million in the common stock account shares x 5 per share is approximately to s 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 67.49 for 67.48555). per share $ c. At what average cost was the Merck treasury stock purchased? Note: Round your answers to two decimal places (for example, enter 67.49 for 67.48555). per share d. How many common shares are outstanding as of December 31, 2018? shares outstanding e. Assume Merck's closing stock price is 576.41 per share on December 31, 2018. Use that amount to calculate the company's market cap for that day, million Step by Step Solution
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