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I need assistance calculating average price of shares issued, I am not for certain what I am doing wrong. please and thank you. Assume Campbell
I need assistance calculating average price of shares issued, I am not for certain what I am doing wrong. please and thank you.
Assume Campbell Soup Company also reports the following statement of stockhoiders equity. 19,000,000==+331,000,000512,000,0000.68350.68 (b) At: what average price were the Campbell Soup shares issued? (Round your answer to two decimal places.) Assume this is the stockholders' equity section from the Campbell Soup Company balance sheet. \begin{tabular}{|c|c|c|} \hline Shareholders' Equity (millions, except per share amounts) & August 3,2008 & July 29,2007 \\ \hline Preferred stock: authorized 40 shares; non issued & $ & \$- \\ \hline Capital stock, $0.0375 par value; authorized 560 shares; issued 512 shares & 19 & 19 \\ \hline Additional paid-in capital & 337 & 331 \\ \hline Earnings retained in the business & 7,906 & 7,052 \\ \hline Capital stock in treasury, 186 shares in 2008 and 163 shares in 2007 , at cost & (6,812) & (6,015) \\ \hline Accumulated other comprehensive loss & (136) & (123) \\ \hline Total shareholders' equity & $1,314 & $1,264 \\ \hline \end{tabular} Step by Step Solution
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