Payout Ratio and Book Value per Share Divac Company has developed a statement of stockholders' equity for the year 2017 as follows: common stockholders have a right to the total net income of $88,000. Required: % 2. Determine the book value per share of Divac's common stock. Round the book value per share to two decimals. X per share Feedback T Check My Work 1) Dividend payout measures cash dividends on common stock to net income. 2) Book value measures Total stockholders' equity (adjusted for preferred stock liquidation value) to shares of common stock