Business, 19.03.2021 18:40 meganwintergirl

Following is the stockholdersâ€™ equity section from the The Coca-Cola Company 2017 balance sheet. (All amounts in millions except par value.) The Coca-Cola Company Shareowners' Equity December 31, 2017
Common stock-$0.25 par value; authorized-11,200 shares; issued-7,040 shares $1,760
Capital surplus 15,864
Reinvested earnings 60,430
Accumulated other comprehensive income (loss) (10,305)
Treasury stock, at cost-2,781 shares (50,677)
Equity attributable to shareowners of The Coca-Cola Company $17,072

Required:
a. Compute the number of shares outstanding.
b. At what average price were the Coca-Cola shares issued? Round answer to two decimal places.

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Following is the stockholdersâ€™ equity section from the The Coca-Cola Company 2017 balance sheet. (...

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