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Bavarian Sausage, Inc. posted the following balance sheet: Balance Sheet Cash $ 50,000 Accounts Payable $185,000 Accounts Receivable 125,000 Notes Payable 125,000 Inventories 225,000 Long-term
Bavarian Sausage, Inc. posted the following balance sheet:
| Balance Sheet | ||||
| Cash | $ 50,000 |
| Accounts Payable | $185,000 |
| Accounts Receivable | 125,000 |
| Notes Payable | 125,000 |
| Inventories | 225,000 |
| Long-term debt | 115,000 |
| Net Plant and Equipment |
525,000 |
|
Common Stock |
350,000 |
|
|
|
| Retained earnings | 150,000 |
|
Total Assets |
$925,000 |
| Total liabilities and Stockholders Equity |
$925,000 |
If Bavarian Sausage, Inc. has 100,000 shares outstanding, what is the book value per share?
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