how do you find average price at which the shares were issued? common stock without par value, 4000000 shares authorized, 800000 shares issued, and 720000 shares outstanding
oh yeah 5200000 cash
To find the average price at which the shares were issued, you need to know the total amount of money raised when the shares were issued and divide it by the number of shares issued.
In this case, you have 800,000 shares issued. To find the total amount of money raised, you'll need additional information such as the par value or the price at which the shares were actually sold.
If the shares were sold at the par value, you can multiply the par value per share by the number of shares issued. However, you mentioned that these are common shares without par value, so we'll need another approach.
You can find the average price by looking at the total equity raised or the total market value of the shares issued. If this information is not provided, you might need to consult the financial statements or contact the company for the necessary data.
Once you have the total equity raised or the total market value of the shares issued, you can divide it by the number of shares issued (800,000 shares) to calculate the average price at which the shares were issued.