Question
Sperle Corporation has provided the following data concerning its stockholders equity accounts: Year 2 Year 1 Stockholders' equity: Common stock, $5 par value $ 400,000
Sperle Corporation has provided the following data concerning its stockholders equity accounts:
| Year 2 | Year 1 | |||||
| Stockholders' equity: | ||||||
| Common stock, $5 par value | $ | 400,000 | $ | 400,000 | ||
| Additional paid-in capital | 60,000 | 60,000 | ||||
| Retained earnings | 654,000 | 630,000 | ||||
| Total stockholders' equity | $ | 1,114,000 | $ | 1,090,000 | ||
Net income for Year 2 was $30,400. Dividends on common stock during Year 2 totaled $6,400. The market price of common stock at the end of Year 2 was $3.08 per share.
The companys book value per share at the end of Year 2 is closest to:
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CyRM Mastering The Management Of Cybersecurity Internal Audit And IT Audit
Authors: David X Martin
1st Edition
0367757850, 978-0367757854
