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At what average price did the company repurchase its shares

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Question - The following information was taken from the 2019 annual report of Coca-Cola (dollar and share amounts in millions):

 

Treasury Shares

Dollar Amount

2017 Share repurchases

82

$3,598

2018 Share repurchases

39

$1,746

2019 Share repurchases

21

$1,026

Required -

1. At what average price did the company repurchase its shares in 2017?

2. At what average price did the company repurchase its shares in 2018?

3. The December 31, 2019, balance in treasury stock was ($52,244). If Coca-Cola reissues treasury shares in the amount of $1,200 to support 2020 employee compensation plans, what will be the December 31, 2020, balance in the treasury stock account?

Reference no: EM133068341

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