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he following partial information is taken from the comparative balance sheet of Levi Corporation: Shareholders equity 12/31/2018 12/31/2017 Common stock, $5 par; 20 million shares
he following partial information is taken from the comparative balance sheet of Levi Corporation:
Shareholders equity | 12/31/2018 | 12/31/2017 | ||||||
Common stock, $5 par; 20 million shares authorized; 15 million shares issued and 9 million shares outstanding at 12/31/2018; and ____million shares issued and ____shares outstanding at 12/31/2017. | $ | 75 | million | $ | 45 | million | ||
Additional paid-in capital on common stock | 520 | million | 392 | million | ||||
Retained earnings | 197 | million | 157 | million | ||||
Treasury common stock, at cost, 6 million shares at 12/31/2018 and 4 million shares at 12/31/2017 | (72 | million) | (50 | million) | ||||
Total shareholders equity | $ | 720 | million | $ | 544 | million | ||
What was the average price of the additional treasury shares purchased by Levi during 2018? (Round your answer to 2 decimal places.)
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