Paul Sabin organized Sabin Electronics 10 years ago to produce and sell several electronic devices on which he had secured patents. Although the company has been fairly profitable, it is now experiencing a severe cash shortage. For this reason, it is requesting a $510,000 long-term loan from Gulfport State Bank, $105,000 of which will be used to bolster the Cash account and $405,000 of which will be used to modernize equipment. The companys financial statements for the two most recent years follow: Sabin Electronics Comparative Balance Sheet This Year Last Year Assets Current assets: Cash $ 74,000 $ 160,000 Marketable securities 0 19,000 Accounts receivable, net 490,000 310,000 Inventory 955,000 605,000 Prepaid expenses 23,000 23,000 Total current assets 1,542,000 1,117,000 Plant and equipment, net 1,376,400 1,300,000 Total assets $ 2,918,400 $ 2,417,000 Liabilities and Stockholders Equity Liabilities: Current liabilities $ 750,000 $ 440,000 Bonds payable, 12% 650,000 650,000 Total liabilities 1,400,000 1,090,000 Stockholders' equity: Common stock, $20 par 700,000 700,000 Retained earnings 818,400 627,000 Total stockholders equity 1,518,400 1,327,000 Total liabilities and equity $ 2,918,400 $ 2,417,000 Sabin Electronics Comparative Income Statement and Reconciliation This Year Last Year Sales $ 5,050,000 $ 4,380,000 Cost of goods sold 3,885,000 3,460,000 Gross margin 1,165,000 920,000 Selling and administrative expenses 655,000 550,000 Net operating income 510,000 370,000 Interest expense 78,000 78,000 Net income before taxes 432,000 292,000 Income taxes (30%) 129,600 87,600 Net income 302,400 204,400 Common dividends 111,000 90,000 Net income retained 191,400 114,400 Beginning retained earnings 627,000 512,600 Ending retained earnings $ 818,400 $ 627,000 During the past year, the company introduced several new product lines and raised the selling prices on a number of old product lines in order to improve its profit margin. The company also hired a new sales manager, who has expanded sales into several new territories. Sales terms are 3/10, n/30. All sales are on account. Assume that Paul Sabin has asked you to assess his companys profitability and stock market performance.

e. The book value per share of common stock. this year and last year.

i got 43.38 for this year and last year i got 37.914 and it was wrong. Please show work.