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scoundrel [369]
3 years ago
14

On its 2017 balance sheet, Walgreens Boot Alliance, Inc., reports treasury stock at cost of $4,934 million. The company has a to

tal of 1,172,513,618 shares issued and 1,082,986,591 shares outstanding. What average price did Walgreens pay for treasury shares?
Business
1 answer:
White raven [17]3 years ago
6 0

Answer:

$57.02 Average price per share in treasury Stock

Explanation:

Treasury Stock in dollars 4,934M

\frac{Treasury \: Stock_{dollars}}{Treasury \: Stock_{shares}} \\Where:\\issued - outstanding = Treasury \: Stock_{shares}

1,172,513,618 - 1,082,986,591 = 89,527,027 TS in shares

4,934,000,000/89,527,027 = 57.02264565

$57.02 Average price per share in treasury Stock

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Prior to June 30, a company has never had any treasury stock transactions. A company repurchased 100 shares of its $1 par common
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June, 30                Treasury Stock                            $4,000

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xz_007 [3.2K]

Answer:

$620,000

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