What is the average price of the common stock shares a Secure Ihttps/www.mathoxl

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What is the average price of the common stock shares

a Secure Ihttps/www.mathoxl.com/Stu dent/Player Test.aspx/testid- 1743122868icenterwin yes ACCT 1105 Spring 2018 CRN 10257 (N) Quiz: Quiz #2 Current Liabilities and Pa This Question: 2 pts 37 of 45 (39 The following information is from the December 31, 2017 balance sheet of Lawson Corporation Preferred Stock, $100 par Paid-In Capital in Excess of Par-Preterred Common Stock, $1 par Paid-In Capital in Excess of Par--Common Retained Earnings Totsl Stockholders' Equity $570,000 37,000 240,000 520 000 201.500 $1,568,500 O A. $1 00 B. $3 17 c. $2 17 D. $1 85 ck to select your answer

Explanation / Answer

Common stock value = 240000+520000=160000

Common stock = 240000 shares

Average price per share = 760000/240000 = 3.17

So answer is b) $3.17

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