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mylen [45]
3 years ago
11

Computing Number of Shares

Business
1 answer:
DIA [1.3K]3 years ago
5 0

Answer: See explanation

Explanation:

1. Determine the authorized shares.

The authorized share simply refers to the maximum number of shares that can be issued by a particular company. In this case, the authorised share is 212000.

2. Determine the issued shares.

The issued share simply means the shares sold. In this case, the answer is 145000 shares.

3. Determine the outstanding shares.

The outstanding shares will be:

= 145000 - 15000

= 130000

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Suppose during 2017 that Federal Express reported the following information (in millions): net sales of $34,450 and net income o
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