The following partial information is taken from the comparative balance sheet of Levi Corporation: Shareholders’ equity 12/31/2024 12/31/2023 Common stock, $5 par; 38 million shares authorized; 33 million shares issued and 27 million shares outstanding at 12/31/2024; and _____________blank million shares issued and _____________blank shares outstanding at 12/31/2023. $ 165 million $ 135 million Additional paid-in capital on common stock 525 million 402 million Retained earnings 190 million 162 million Treasury common stock, at cost, 6 million shares at 12/31/2024 and 4 million shares at 12/31/2023 (81 million) (49 million) Total shareholders’ equity $ 799 million $ 650 million What was the average price of the additional treasury shares purchased by Levi during 2024? Note: Round your answer to 2 decimal places.
The following partial information is taken from the comparative balance sheet of Levi Corporation: Shareholders’ equity 12/31/2024 12/31/2023 Common stock, $5 par; 38 million shares authorized; 33 million shares issued and 27 million shares outstanding at 12/31/2024; and _____________blank million shares issued and _____________blank shares outstanding at 12/31/2023. $ 165 million $ 135 million Additional paid-in capital on common stock 525 million 402 million Retained earnings 190 million 162 million Treasury common stock, at cost, 6 million shares at 12/31/2024 and 4 million shares at 12/31/2023 (81 million) (49 million) Total shareholders’ equity $ 799 million $ 650 million What was the average price of the additional treasury shares purchased by Levi during 2024? Note: Round your answer to 2 decimal places.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
The following partial information is taken from the comparative
| Shareholders’ equity | 12/31/2024 | 12/31/2023 | ||
|---|---|---|---|---|
| Common stock, $5 par; 38 million shares authorized; 33 million shares issued and 27 million shares outstanding at 12/31/2024; and _____________blank million shares issued and _____________blank shares outstanding at 12/31/2023. | $ 165 | million | $ 135 | million |
| Additional paid-in capital on common stock | 525 | million | 402 | million |
| 190 | million | 162 | million | |
| (81 | million) | (49 | million) | |
| Total shareholders’ equity | $ 799 | million | $ 650 | million |
What was the average price of the additional treasury shares purchased by Levi during 2024?
Note: Round your answer to 2 decimal places.
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