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I'm fairly confident about the last one but could someone explain how to find shares outstanding? If you take $15/$10 par it'd only be 1.5

image text in transcribedI'm fairly confident about the last one but could someone explain how to find shares outstanding? If you take $15/$10 par it'd only be 1.5 and treasury stock is 4 million wouldnt shares be a negative #? and how would you find net income?

Use the following to answer questions 1-2 The following partial inf ormation is taken from the comparative balance sheet of Levi Corporation: 12/31/2018 12/31/2017 Shareholders' equity Common stock, $10 par; 40 milion shares authorized; 25 million shares issued and 19 million shares outstanding at 12/31/2018; andmillion shares issued and _ shares outstanding at 12/31/2017. Additional paid-in capital on common stock Retained earnings $X million $15 million 325 million 195 million 47 million 117 million Treasury common stock, at cost, 6 million shares at 12/31/2018 and 4 million (50 million) million) S720 $544 million shares at 12/31/2017 Total shareholders' equity million During 2018, the company declared and paid $20 million in dividends. No treasury shares were sold during 2018 and all repurchased shares were placed into Treasury. andau Questions: How many of Levi's common shares were outstanding on 12/31/2017? What was net income for 2018? What was the average price of the additional treasury shares purchased by Levi during 2018? Ces rhene

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