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Payout Ratio and Book Value per Share Divac Company has developed a statement of stockholders' equity for the year 2017 as follows: value of $2

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Payout Ratio and Book Value per Share Divac Company has developed a statement of stockholders' equity for the year 2017 as follows: value of $2 per share. Assume that the common stockholders have a right to the total net income of $83,000. Required: be entered as 34.68, indicating 34.68%. % 2. Determine the book value per share of Divac's common stock. Round the book value per share to two decimals. X per share

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