Question
Required information Skip to question Markus Companys common stock sold for $5.75 per share at the end of this year. The average number of common
Required information Skip to question Markus Companys common stock sold for $5.75 per share at the end of this year. The average number of common shares outstanding during the year is 172,000. The company also paid a common stock dividend of $0.69 per share this year.
It also provided the following data excerpts from this years financial statements:
Cash $ 51,000 $ 46,000
Accounts receivable $ 98,000 $ 70,000
Inventory $ 77,800 $ 98,000
Total current assets $ 226,800 $ 214,000
Current liabilities $ 90,000 $ 96,000
Total liabilities $ 218,000 $ 196,200
Common shareholders equity $ 172,000 $ 172,000
Total shareholders equity $ 650,000 $ 760,000
Total liabilities and common shareholders equity $ 868,000 $ 956,200
This Year Sales (all on account) $ 1,160,000
Cost of goods sold $ 672,800
Gross margin $ 487,200
Operating income $ 352,750
Interest expense $ 17,000
Net income $ 235,025
What is the book value per share at the end of this year? (Round your answer to 2 decimal places.)
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