The following partial information is taken from the comparative balance sheet of Levi Corporation: Shareholders’ equity12/31/2021 12/31/2020 Common stock, $5 par; 27 million shares authorized; 22 million shares issued and 19 million shares outstanding at 12/31/2021; and million shares issued and shares outstanding at 12/31/2020.$110million $95million Additional paid-in capital on common stock 527million 394million Retained earnings 204million 164million Treasury common stock, at cost, 3 million shares at 12/31/2021 and 1 million shares at 12/31/2020 (79million) (57million) Total shareholders’ equity$762million $596million What was the average price (rounded to the nearest dollar) of the additional shares issued by Levi in 2021?

$29.6 million per share

Explanation:

Additional share issued = (Issued and shares outstanding 2021 + Additional paid-in capital on common stock 2021) - (Issued and shares outstanding 2020 + Additional paid-in capital on common stock 2020)

Additional share issued = (110 million + 527 million) - (95 million + 394 million)

Additional share issued = 637 million - 489 million

Additional share issued = $148 million

Average price paid = Additional share issued / $5

Average price paid = $29.6 million per share

x=3

step-by-step explanation:

this is really simple i saw that there was only one term (5x) and thought if that was 15 what would i have to multiply everything else to get it there? well if 5x became 15 then x would have to be 3 so plug the 3 in the x for the other equations and you get 15 for the other ones. so there you go. : )