Question
The stockholders' equity section of ConocoPhillips as of December 31, 2018 is provided below. All dollar amounts, except per-share amounts, are shown in millions. January
The stockholders' equity section of ConocoPhillips as of December 31, 2018 is provided below. All dollar amounts, except per-share amounts, are shown in millions.
January 1 balances | (dollars in millions) |
Common stock (2,500,000,000 shares authorized and 1,791,637,434 shares issued; $0.01 par value) | $18 |
Capital in excess of par | 46,879 |
Treasury stock (at cost; 653,288,213 shares) | 42,905 |
Retained earnings | 34,010 |
Accumulated other comprehensive income (loss) | (6,063) |
Total stockholders' equity | $31,939 |
Use the information above to answer the following questions. a. At what average price has the company issued its common stock?
Question Blank 1 of 4
b. How many common shares are outstanding?
Question Blank 2 of 4
c.At what average cost did the company pay to acquire its treasury stock?
Question Blank 3 of 4
d.Suppose that, in the following year, the company generates net income of $6,180 million and pays dividends of $1.60 per common share outstanding. No other transactions impact retained earnings. What is the balance of retained earnings at the end of the year (in millions)?
Question Blank 4 of 4
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started