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The Miami Medical Corporation financial statements follow E(Click the icon to view the consolidated balance sheets.) (Click t
Data Table in Miami Medical Corporation Consolidated Statements of Financial Position December 31, 2018 2017 (In Millions) As
X iData Table din Accounts payable 7,707 $ 6,015 3,787 3,055 Accrued and other liabilities Total current liabilities 11,494 9
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Data lable (In Millions, Except per Share Amounts) 2018 2017 2016 Net revenue 42,788 $ 35,523 $ 30,105 35,168 29,265 25,412 C
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Answer #1

Answer:

Correct answer is:

D. 1,757 million

Explanation:

Common stock outstanding at the end of 2017 = Shares Issued - Treasury stock = 1777 - 120 = 1,657 million

Common stock outstanding at the end of 2018 = Shares Issued - Treasury stock = 2032 - 175 = 1,857 million

Average number of common shares outstanding in 2018 = (1657 + 1857) / 2 = 1,757 millions

Hence option D is correct and other options A, B, and C are incorrect.

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