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The 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; 23 million
The 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; 23 million shares authorized; 18 million shares issued and 12 million shares outstanding at 12/31/2016; and ____million shares issued and ____shares outstanding at 12/31/2015. | $90 million | $60 million |
Additional paid-in capital on common stock | 523 million | 398 million |
Retained earnings | 200 million | 160 million |
Treasury common stock, at cost, 6 million shares at 12/31/2016 and 4 million shares at 12/31/2015 | (73 million) | (39 million) |
Total shareholders equity | $740 million | $579 million |
What was the average price of the additional treasury shares purchased by Levi during 2016?
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