Assume a company provided the following information: Net income $ 60,000 Number of common shares outstanding, beginning
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Question:
Assume a company provided the following information:
| Net income | $ | 60,000 |
| Number of common shares outstanding, beginning of the year | 45,000 | |
| Number of common shares outstanding, end of the year | 55,000 | |
| Market price per share | $ | 15 |
| Dividends per share | $ | 0.50 |
| Total assets, end of the year | $ | 200,000 |
| Total liabilities, end of the year | $ | 78,000 |
The book value per share at the end of the year is closest to:
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