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he following partial information is taken from the comparative balance sheet of Levi Corporation: Shareholders equity 12/31/2016 12/31/2015 Common stock, $5 par value; 20 million

he following partial information is taken from the comparative balance sheet of Levi Corporation:

Shareholders equity 12/31/2016 12/31/2015
Common stock, $5 par value; 20 million shares authorized; 15 million shares issued and 9 million shares outstanding at 12/31/2016; and ____million shares issued and ____shares outstanding at 12/31/2015. $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 12/31/2016 and 4 million shares at 12/31/2015

(72 million)

(50 million)

Total shareholders equity

$720 million

$544 million

How many of Levi's common shares were outstanding on 12/31/2015?

14 million.

9 million.

5 million.

None of these answer choices is correct.

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