4. Prect Manufacturing Inc.'s Dec 31 2014 balance sheet showed total common equity at $1050000 and had 50 thousand shares outstanding.
During 2015, they had $250,000 of net income, with an $85,000 dividend. What would the book value per share be at 12/31/2015, assuming
they neither issued nor retired any common stock in 2015? PLEASE POST EXCEL WORK NECESSARY TO GET FULL CREDIT FOR THIS