Question
Given the equity portion of a firm's balance sheets below, determine the average price per share at which new shares were sold by the firm
Given the equity portion of a firm's balance sheets below, determine the average price per share at which new shares were sold by the firm in 2019.
| 2018 | 2019 | |
| Common Stock ($0.40 par) | $356,100 | $430,200 |
| Capital Surplus | $9,825,000 | $12,726,000 |
| Retained Earnings | $17,400,000 | $19,100,600 |
A. $16.06 per share
B. $24.84 per share
C. $15.66 per share
D. $25.24 per share
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Production And Operations Analysis
Authors: Steven Nahmias
6th Edition
0073377856, 9780073377858
