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The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2018 and 2019, while the income statement items
The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2018 and 2019, while the income statement items correspond to revenues or expenses during the year ending in either 2018 or 2019. All values are in thousands of dollars. 2018 $4,700 1,300 410 250 440 240 Revenue Cost of goods sold Depreciation Inventories Administrative expenses Interest expense Federal and state taxes* Accounts payable Accounts receivable Net fixed assets Long-term debt Notes payable Dividends paid Cash and marketable securities 680 250 350 4,100 1,700 870 470 840 2019 $4,800 1,400 430 295 490 240 700 295 425 4,740 2,150 530 470 380 * Taxes are paid in their entirety in the year that the tax obligation is incurred. T Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed. Suppose that the market value in thousands of dollars) of Fincorp's fixed assets in 2019 is $4,900 and that the value of its long-term debt is only $1,950. In addition, the consensus among investors is that Fincorp's past investments in developing the skills of its employees are worth $2,100. This investment of course does not show up on the balance sheet. What will be the price per share of Fincorp stock? (Assume 598,000 shares of stock outstanding.) (Round your answer to 2 decimal places.) Price per share
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