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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 choose your answer... b. How many common shares are outstanding? Question Blank 2 of 4 choose your answer... c. At what average cost did the company pay to acquire its treasury stock? Question Blank 3 of 4 choose your answer... 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 choose your
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