If Fuzzy Button Clothing Company has $50$ million shares of common stock outstanding, then the book value per share of Fuzzy Button's

stock in Year $2$ was $$18,750.$

This statement is

$\_,$ because:

The per$-$share book value is calculated by dividing the company's total debt by the number of outstanding shares of common stock.

The per$-$share book value is calculated by dividing the company's total assets by the number of outstanding shares of common stock.

The per$-$share book value is calculated by dividing the company's total common equity by the number of outstanding shares of common

stock.