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The following partial information is taken from the comparative balance sheet of Levi Corporation: Shareholders' equity Common stock, $5 par; 38 million shares authorized;
The following partial information is taken from the comparative balance sheet of Levi Corporation: Shareholders' equity Common stock, $5 par; 38 million shares authorized; 33 million shares issued and 27 million shares outstanding at 12/31/2024; and million shares issued and outstanding at 12/31/2023. Additional paid-in capital on common stock Retained earnings 12/31/2024 12/31/2023 shares $ 165 million 525 million Treasury common stock, at cost, 6 million shares at 12/31/2024 and 4 million shares at 12/31/2023 Total shareholders' equity 190 million (81 million) $ 799 million What was the average price of the additional treasury shares purchased by Levi during 2024? Note: Round your answer to 2 decimal places. $ 135 million 402 million 162 million (49 million) $ 650 million Multiple Choice $16.00 per share $13.50 per share $12.25 per share None of these answer choices are correct.
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