Select Financial Data for Ewing Oil Inc

question 29

Multiple Choice

Select financial data for Ewing Oil Inc.is provided in the table below.Ewing Oil repurchased $4.75B worth of shares during the year at an average price of $25.How many shares are outstanding at the end of the year?
Ewing Oil Inc.
Selected Financial Information

• A) 1.67B
• B) 1.86B
• C) 1.97B
• D) 2.05B
• E) 2.19B

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Definitions:

Dye Costs

The expenses associated with acquiring dyes used in the manufacturing or production process.

Skeins

Lengths of thread or yarn, loosely coiled and knotted, used in textile production.

Spending Variance

The difference between the actual cost incurred and the budgeted cost, usually related to manufacturing or operating budgets.

Plane Operating Costs

The expenses associated with operating an aircraft, including fuel, maintenance, crew, and depreciation.