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Number of shares outstanding, Price of shares

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Following are the equity accounts for Kerch Manufacturing.

Common stock, $2 par
$ 135,430

Capital surplus
203,145

Retained earnings
2,370,025

Total
$2,708,600

How many shares are outstanding?
At what average price were the shares sold?
What is the book value of Kerch stock?

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Solution Summary

The solution calculates number of shares outstanding, average price and the book value of shares.

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Following are the equity accounts for Kerch Manufacturing.

Common stock, $2 par $135,430
Capital surplus 203,145
Retained earnings 2,370,025
   Total $2,708,600

How many shares are ...

Purchase this Solution
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