On January 1, 2017, Sandhill Manufacturers had 525,000 common shares outstanding. On April 1, the corporation issued 52,500 new common shares to raise additional capital. On July 1, the corporation declared and distributed a 10% stock dividend on its common shares. On November 1, the corporation repurchased on the market 8,000 of its own outstanding common shares to make them available for issuances related to its key executives outstanding stock options.

On January 1, 2017, Sandhill Manufacturers had 525,000 common shares outstanding. On April 1, the corporation issued 52,500 new common shares to raise additional capital. On July 1, the corporation declared and distributed a 10% stock dividend on its common shares. On November 1, the corporation repurchased on the market 8,000 of its own outstanding common shares to make them available for issuances related to its key executives' outstanding stock options. Your answer is incorrect. Try again. Calculate the weighted average number of shares outstanding as at December 31, 2017. (Round answer to 0 decimal places, e.g. 5,255. 591917 Weighted average number of shares outstanding shares LINK TO TEXT Your answer is incorrect. Try again. Assume that Sandhill Manufacturers had a 1-for-10 reverse stock split instead of a 10% stock dividend on July 1, 2017. Calculate the weighted average number of shares outstanding as at December 31, 2017. (Round answer to 0 decimal places, e.g. 5,255. 303167 Weighted average number of shares outstanding shares