Refer to Figure 14-1 below. What is the current book value of Rosa's?

Figure 14-1

Rosa's is a small chain of Mexican food restaurants that features five delicious varieties of salsa. The business has grown over the past ten years from a hobby to a small corporation with 200,000 shares of common stock outstanding. The corporation has not issued any preferred stock. The following is Rosa's latest financial data:

Annual earnings	$ 750,000
Annual sales	$12,650,000
Corporate assets	$20,500,000
Corporate liabilities	$12,800,000
Cash dividends (annual) Market Price Per share	$ .50 $35