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the following partial information is taken from the comparative balance sheet of Levi Corporation... The following partial information is taken from the comparative balance sheet
the following partial information is taken from the comparative balance sheet of Levi Corporation...
The following partial information is taken from the comparative balance sheet of Levi Corporation: Shareholders' equity Common stock, $5 par; 29 million shares authorized; 24 million shares issued and 18 million shares outstanding at 12/31/2024; and million shares issued and outstanding at 12/31/2023. 12/31/2024 12/31/2023. shares $ 120 million. 529 million Additional paid-in capital on common stock Retained earnings Treasury common stock, at cost, 6 million shares at 12/31/2024 and 4 million shares at 12/31/2023 Total shareholders' equity 206 million (77 million) $ 778 million What was the average price of the additional treasury shares purchased by Levi during 2024? Note: Round your answer to 2 decimal places. $ 90 million 393 million 166 million (44 million) $ 605 million Multiple Choice $16.50 per share $12.83 per share $11.00 per share None of these answer choices are correct
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