Ewing Oil repurchased $5.10B worth of shares during the year at an average price of $30.Cliff Barnes owned 0.15B shares in Ewing prior to the repurchase.Cliff decided not to sell any shares during the repurchase.What was Cliff's proportionate ownership in Ewing following the repurchase?
Ewing Oil Inc.
Selected Financial Information

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Holdings before the repurchase = 0.15B
Shares Outstanding in Ewing before Repurchase = 1.78B
Number of shares repurchased = 11ea7fdb_fc53_d885_a768_dd2627369dd5_TB2902_11 Number of shares repurchased = 11ea7fdb_fc53_d886_a768_cd19ab80fea3_TB2902_11 = 0.17B
Shares Outstanding in Ewing after Repurchase = 1.78 - 0.17 = 1.61B
Cliff's proportionate holdings after the repurchase = 11ea7fdb_fc53_d887_a768_3106e34e9b3a_TB2902_11 Cliff's proportionate holdings after the repurchase = 9.32%

Ewing Oil Repurchased $5