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QUESTION 3 0.25 points Save Answer Brown Fashions Inc.'s December 31, 2014 balance sheet showed total common equity of $4,050,000 and 290,000 shares of stock
QUESTION 3 0.25 points Save Answer Brown Fashions Inc.'s December 31, 2014 balance sheet showed total common equity of $4,050,000 and 290,000 shares of stock outstanding. During 2015, the firm had S450,000 of net income, and it paid out S100,000 as dividends. What was the book value per share at 12/31/15, assuming no common stock was either issued or retired during 2015? (Round your final answer to two decimal places.) A $11.53 B. S18.51 o C.$14.11 D $13.96 E.$15.17
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